ETHIOPIA: Egyptians to Invest in Pharmaceutical Sectors

February 2016 EthiopianHerald; What makes the seminar special is professionals and pertinent stake holders come together for discussion with common objectives focusing on pharmaceutical and medicinal business

Relations between Ethiopia and Egypt dates back to many centuries. Though the two countries relation was overshadowed by divergent interests, the on-going business and trade relations is defusing the past mistrust and glimpse of hope is in insight which benefit the two countries.

In a press conference held yesterday, the Egyptian Embassy announced that a seminar organized by Embassy Commercial Office and the Egyptian Export Council for Medical Industries will be held February 26, 2016 here in Addis.

Embassy Commercial Councilor Waleed El Zomar said that in the light of the continued efforts to strengthen relations between the business communities of the two sisterly countries,the seminar will cover many of the sectors of medical industries such as pharmaceuticals, veterinary medicine, medicine supplies, cosmetics and medical tourism.

According to El Zomar, the seminar will be attended by Health Ministers of Ethiopia and Egypt as well as Ambassadors of the two countries. Leaders, and representatives of the largest and most reputable pharmaceutical companies in Egypt will also attend the seminar. It is expected to enable stakeholders from both countries to harness the opportunities created by trade and investment relations.

Though Egyptian medicine and medical equipment are popular here in Ethiopia,only one per cent of pharmaceutical products are destined to the Ethiopian market which needs to be changed.

Ethio- Egyptian Business Council Trade and Investment Director Melaku Juhar on his part said what makes the seminar special is professionals and pertinent stake holders come together for discussion with common objectives focusing on pharmaceutical and medicinal business.

According to information made available at the press conference,currently there are three giant Egyptian hospitals which show interest to invest in Ethiopia establishing hospitals and medicinal facilities.

 

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