Amb. Nebiat Says Pleasant Investment Opportunities for Algerian Pharmaceutical Companies

Addis Ababa, April 15, 2021 (Walta) – Ambassador of Ethiopia to Algeria, Ambassador Nebiat Getachew discussed with Dr. Fatoum Akacem, President of SAIDAL Pharma, an Algerian public-private co.

Ambassador Nebiat briefed the President on attractive pharmaceutical sector investment opportunities in Ethiopia.

The sector is given due emphasis on the country’s industrial policy and strategy as one of the seven priority sub-sectors for industrialization and manufacturing, Ambassador Nebiat said.

An industrial park is established that is dedicated to easing up doing business in the sector, he added.

He has also touched upon some of the incentives available in Ethiopia for foreign investors who choose to engage in the sector, According to MFoA.

In this regard, the Ambassador explains incentives related to customs, duties, income tax exemptions, and grace periods.

The two sides concluded their discussion by agreeing to facilitate further discussions between Ethiopian and Algerian companies.