Chinese pharmaceutical firms expand to Africa under ‘health silk road’
Chinese pharmaceutical giant Shanghai Fosun Pharmaceutical is expected to complete the first phase of its manufacturing facility near Abidjan, Ivory Coast’s biggest city, for antimalarial drugs and antibiotics by the end of the year. The manufacturing facility, financed with €50 million (US$54.7) from the International Finance Corporation last year, is expected to produce 5 billion … Read more