The African Pharmaceutical Technology Foundation will discuss with Egyptian, African and international experts and officials during the annual meetings of the African Development Bank Group (AfDB). These discussions will strengthen the foundation's action on issues of patents, technology transfer and the development of the pharmaceutical industry in Africa.

On the sidelines of the African Development Bank Group's Annual Meetings, which started yesterday, Monday, May 22, and will end on May 26, 2023, in Sharm El Sheikh, Egypt, the African Foundation for Pharmaceutical Technology is organizing a high-level event for discuss its work and its importance as a strategic body within Africa's emerging institutional architecture for pharmaceutical production and innovation. Aspects related to the improvement of health infrastructures in Africa, the acquisition of technology, which continues to divide the pharmaceutical sector, regulatory and compliance issues, and access to appropriate and sustainable research and development funding are the main issues that will be addressed

In reality, the Bank wants to give Africa access to technology to produce its pharmaceutical products. To this end, it created the African Pharmaceutical Technology Foundation (APTF) in June 2022. The APTF aims to facilitate the modernization of the pharmaceutical sector in Africa and stimulate technology transfer in Africa. The initiative will contribute to bridging longstanding structural technological gaps in the African pharmaceutical sector. To facilitate the transfer of technology from developed countries to Africa.