Rwanda is in talks with an Egyptian company that could lead to the acquisition of a pharmaceutical factory

The Government of Rwanda is in discussions with the company 'Pharco Pharmaceuticals', which specializes in the production of pharmaceuticals, especially in Egypt, where it originates, with the aim of cooperation on both sides and to ensure that a pharmaceutical factory is not built in the country.

Pharco Pharmaceuticals is one of the largest pharmaceutical companies in Egypt. Founded by Dr. Hassan Abbas Helmy in 1983.

This company is the manufacturer of the drug under the current name Pharco. In addition to Egypt, the company's medicines are sold in 50 other countries, where in 2019 it sold 750 million packages of medicines.

The company manufactures medicines including Acne Zinc used to treat skin, Alambophine used to treat inflammation, Alfatral used to treat urinary tract infections and others.

On this Thursday, President Paul Kagame received a group of leaders of this institution led by its Director General, Dr. Sherine Abbas Helmy.

Their talks were attended by the Minister of Health, Dr. Sabin Nsanzimana.

The talks between the two were characterized by a joint review of the institutions that Rwanda cooperates with this institution either in health or medicine, as reported by Village Urugwiro.

Before meeting with President Kagame, Dr. Sherine Abbas Helmy and her team first held talks with the Director General of the National Development Agency (RDB), Jean-Guy Afrika.

The RDB announced that the meeting between the leaders "looked together at opportunities to further expand the delivery of essential medicines, conduct trials and establish operations in the country."

In the journey that the country is in to continue to develop, the health sector is one of the most important areas, in order to provide good services and modern medical care. This will make Rwanda reduce the number of its citizens who go abroad for medical treatment, and increase the number of foreigners who come for treatment.

While this pharmaceutical factory project was starting, it was found that another Rwanda is involved in building a vaccine factory, in collaboration with the German company BioNTech.

In November, the National Development Agency, RDB, signed an agreement with Bio Usawa Inc., with the aim of building a pharmaceutical company that treats serious eye diseases, including diabetes.