Following similar projects in Martap in the Adamawa region and Kribi in the South, the Prime Minister, Chief Dr. Joseph Dion Ngute, acting on behalf of the President of the Republic, has brought the vision of President Paul Biya to the Meyo neighborhood in Yaounde 4.
In the capital city, another major achievement of the current leadership has been marked in golden letters. Accompanied by the Minister of Mines, Industry and Technological Development, Professor Fuh Calixtus Gentry, and several other government colleagues, the Prime Minister presided over the foundation stone laying ceremony for a new pharmaceutical factory by the YICHENG group.
This project according to Prime Minister aims to strengthen health sovereignty and economic development through local production of essential medicines and medical devices that meet international standards of safety, efficacy and quality. The development plan spans three phases, factory establishment from 2025-2027, hospital complex construction and industrial expansion 2027-2029, and regional expansion in the CEMAC zone with research center creation 2031-2035, representing a total investment of 300 billion CFA francs.
He says the factory will have an annual production capacity of 100 million bottles, 2 billion ampoules, and 10 billion tablets across 100 medical products. It is expected to create 1,000 direct jobs for pharmacists, engineers and technicians, plus 3,000 indirect jobs in transportation and distribution. The project per the minister also includes university industry partnerships to train the next generation of scientific professionals.
