Local investors lose out in Sh110 billion pharma business

Workers at a drugs production line in Kiambu. FILE PHOTO | NMG

Kenyan investors remain locked out of the lucrative medicine manufacturing business, denying them billions of shillings, a new report has shown.

The Pharmaceutical Industry Diagnostic Report 2020 notes that Kenyan manufacturers hold only 30 percent of the Sh109.6 billion ($1 billion) local pharmaceutical market.

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