Humanwell Pharmaceutical Ethiopia PLC
Project Description
PROJECT DESCRIPTION:
Humanwell, headquartered in central China, operates in over 50 countries. The company’s vision is to be the leader of each market segment in which it operates by offering high quality products and comprehensive healthcare solutions at affordable prices.
The company expanded into Africa to provide healthcare solutions to a region with significant medical needs but one that is under-served by the global pharmaceutical industry.
Humanwell Pharmaceutical Ethiopia PLC is its medicine factory. The company has obtained a Good Manufacturing Practices (GMP) certificate and local production has reduced the country’s need to use foreign exchange to import medicine. It has the capacity to produce 30 million bottles of liquid syrup and suspension, 1.6 billion tablets and capsules, and 80 million ampules.
PROJECT LOCATION:
Ethiopia, Amhara Region, North Shoa Zone, Bulga Town Administration
LEAD AGENCY/ PROJECT PROMOTER:
Humanwell Healthcare (Group) Co Ltd
CURRENT STATUS/ STAGE OF PROJECT:
The factory is functioning at low capacity in its first phase
ACTIONS REQUIRED/ IMPLEMENTATION ARRANGEMENTS/ CONTRACT TYPE:
The company plans to expand its product line and export to the international market from Ethiopia, particularly to other African countries.
AVAILABILITY OF PRE-FEASIBILITY STUDIES, FEASIBILITY STUDIES, AND OTHER STUDIES:
Feasibility studies are available
ESTIMATED COST OF THE PROJECT:
USD 21.40 million
INVESTMENT REQUIRED:
USD 20 million
PROJECT FINANCIAL POSITION:
Fully covered by the company
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Country
Ethiopia
Location (s)
Bulga
Sector
Manufacturing & Industry
Sub Sector
Pharmaceuticals
Investment Value Range
10-25 million USD
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