IDC, CHINESE FIRM SIGN US$24.13 MILLION VACCINE MANUFACTURING DEAL
The Industrial Development Corporation (IDC) and Chinese medical technology company Jijia (Beijing) International Medical Technology have signed a Joint Venture Agreement to establish ZAMVAX Limited, a company expected to manufacture vaccines locally in Zambia. The first phase of the project requires an estimated investment of US$24.13 million and will involve the establishment of an Oral Cholera Vaccine Fill-and-Finish facility at the Lusaka South Multi-Facility Economic Zone. The facility is expected to have the capacity to produce up to 20 million […]