December 1, 2006
Posted to the web December 1, 2006
Joseph Miti & Andrew Bagala
THE government should provide incentives to local pharmaceutical manufacturers if the industry is to register growth, Kampala Pharmaceutical Industries Chief Executive Officer, Mohamed Nazeem has said.
Nazeem was speaking at a function to celebrate the company’s 10 years of existence at the company premises in Kampala on November 25.
He said, “Companies that are given incentives and protected from external competition by their governments have registered success.”
He said the government should thus stop importation of products that can be locally produced.
KPI, which is part of the Aga Khan Development Network, started in November 1996.
Nazeem said the company is facing problems of power shortage that has increased cost of production thus affecting output. Despite problems such as power shortage, Nazeem said, the company is growing.