ARTICLE
23 December 2022

Site Selection For Life Sciences Companies In Africa

KN
KPMG Nigeria
Contributor
KPMG Nigeria is a member firm of KPMG International. We provide Audit, Advisory and Tax & Regulatory services, across various industries, to national and multinational companies. Our purpose is to inspire confidence and empower change. We have a relentless focus on delivering quality and excellent service to clients. We, therefore, provide insights and innovative ideas to clients to help them achieve their corporate objectives.
Building life sciences manufacturing plants in Sub-Saharan Africa is being recognized as decisive factor to strengthen the local healthcare ecosystems.
Nigeria Corporate/Commercial Law
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In the study, KPMG has compiled information for selected Sub-Saharan African countries regarding business conditions, regulatory requirements, incentives and existing life sciences clusters that are supportive of investments into manufacturing facilities for pharmaceuticals, biologics and medical devices. Find out more in our study:

Get the study now

Background information to study

The report was released in December 2022 to address topics relevant to biopharma and medtech players looking for manufacturing locations in Sub-Saharan Africa.

The study was conducted by an international team of KPMG Site Selection and Life Sciences experts located in Sub-Saharan Africa and in Switzerland.

The study was carried out over the period of seven months, with various investment promotion agencies assisting in validating the information and content.

Key findings at a glance

The African continent currently hosts the lowest number of local manufacturers of life-saving medicines, vaccines and diagnostics worldwide. There are approximately just 340 manufacturers present in Africa, compared to 5,000 in China and 10,500 in India.

Those manufacturers with a presence are highly concentrated across the North African countries, South Africa, Nigeria and Kenya, leaving the Sub-Saharan region with a lack of resilience and a struggle to meet domestic demand for medicines, diagnostics and devices.

Several Sub-Saharan national governments and international organizations are strongly supportive of investments in Life Sciences manufacturing and are improving business conditions and offering incentives for Biotech, Pharma and Medtech companies that have expansion plans for the region.

The opinion expressed in this article is solely personal and does not represent the views of any organization or association to which the authors belong.

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ARTICLE
23 December 2022

Site Selection For Life Sciences Companies In Africa

Nigeria Corporate/Commercial Law
Contributor
KPMG Nigeria is a member firm of KPMG International. We provide Audit, Advisory and Tax & Regulatory services, across various industries, to national and multinational companies. Our purpose is to inspire confidence and empower change. We have a relentless focus on delivering quality and excellent service to clients. We, therefore, provide insights and innovative ideas to clients to help them achieve their corporate objectives.
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