አዲስ መድሐኒት Introduce ማድረጌ ከትርፍ በላይ ነው - Dr. Mohamed Nuri, the CEO of Medtech Ethiopia - S09 EP98
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Show notes
መሪዎች on this week of Meri Podcast, we're featuring Dr. Mohamed Nuri, who is a self-made entrepreneur and one of the most successful business leaders in present-day Ethiopia. In this interview, he takes us through an incredible story of how he has made it to where he stands today with determination and innovation. From a medical doctor diving into the world of business to starting up his pharmaceutical company, Medtech Ethiopia, the journey Dr. Mohamed Nuri has walked so far is an inspiration for focus and tenacity.
Watch as he narrates his early days, including the loss of his mother due to a lack of available pharmaceuticals that motivated him to change pharmaceutical supply in Ethiopia. He shared experiences of starting up a Medtech, importation of essential Pharmaceuticals, and building a business empire with now multiple companies.
He has also shared his view on work-life balance, hiring people, and what he sees for the future of Medtech Ethiopia. He talked about how he was able to buy an efarm from the government and turn it into a successful business. After obtaining the patent for Hepatitis C medicine, he was able to sell a 1 million Birr product for a profit of 20,000 Birr, and he was the only one to get that. He also shares an impressive story of how he was able to import a vaccine during the COVID-19 pandemic, even before the government was able to do so.
Dr. Mohamed Nuri's story is inspiring but equally important for the entrepreneurial and leadership insights he provides on how he made those strategic business decisions. It's time to learn from one of the most successful entrepreneurs in Ethiopia!
Stay Tuned to listen to the incredible journey of Dr. Mohamed Nuri, and learn from him on entrepreneurship, leadership, and business strategy.
00:00 - Introduction
01:21 - Ads
02:45 - Background
04:21 - Journey from being a Doctor to a pharmacy
08:25 - How he starts his first business
13:22 - How do you manage the pressures
30:43 - what was the feeling when you started Meditech?
34:59 - The process
42:12 - Meditech Operation
44:52 - Other Businesses
53:26 - How do you choose a business to invest?
56:34 - Ethiopia Business innovation focus
57:48 - 2025 preparation
58:52 - which company do you list
59:00 - Ethiopia Pharmaceutical sector potential and challenges
01:05:11 - Pricing
01:13:01 - Controband
01:16:17 - Patent
01:17:04 - How price is determined?
01:25:25 - why do foreign companies exit from the market
01:27:55 - challenging time
01:32:14 - How do you cop up from losses?
01:33:06 - Future business plan
01:34:48 - HR
01:48:59 - Keeping childhood friends around
01:49:48 - Balancing family and work time
01:54:53 - Biggest life influence
01:56: 52 - Dr. Mohamed's Daily Routine
02:00:37 - Life Wisdom
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