A memorandum of understanding (MoU) that will allow government institutions work in collaboration to realize the manufacturing of medical equipment locally was signed. The MoU was signed between the ministries of Innovation & Technology, Health, and Trade & Industry as well as Ethiopian Investment Commission. It is said to help to mobilize efforts in promoting innovation among the youth and encourage entrepreneurs and the private sector to engage in the manufacturing of the equipment.
Speaking on the occasion, Dr. Amir Aman, Minister of Health explained the importance to join hands in encouraging entrepreneurs and the private sector to engage in the field. Despite the country invests such huge money, it still unable to meet the demand for medical equipment, he added. In this regard, the MoU will provide an opportunity for stakeholders to work in collaboration to create the capacity to locally manufacture medical equipment, he added.
Minister of Innovation and Technology, Getahun Mekuria said on his part the MoU is a crucial step in realizing import substitution in some types of medical equipment. Fetlework Gebregziabher, Minister of Trade and Industry for her part said her ministry will support the private sector to engage in the manufacturing of the equipment.
Ethiopian Investment Commissioner, Abebe Abebayehu, said on his part the development of an industrial park dedicated to the health sector is well in progress. The Commissioner further said the industrial park is among the initiatives taken by the government in encouraging the private sector engage in the manufacturing of equipment along with the production of medications. The Commission will support companies by creating market linkage as well as facilitating situations that will help them form joint ventures with foreign companies, he noted.