Algerian investors invited to tap opportunities in Ethiopia’s agro-processing sector

Addis Ababa, June 26, 2022 (FBC) – Ethiopia’s Ambassador in Algeria, Nebiat Getachew Assegid paid a  working visit to the Wilaya of Annaba, a port city in north-east Algeria, from 24-25 June 2022. 

During the visit he joined the opening of ALPHARMA, a pharmaceutical  exhibition, officially inaugurated by BERRIMI Djamel Eddine, Wali of Annaba, along Sami Mohamed AGLI, the President of the Algerian Confederation of  Employers (CAPC) and Mansouri Farid Mohamed Riad, President of the Annaba Chamber of Commerce & Industry. 

During the visit, Ambassador Nebiat held discussions with the President of the Annaba Chamber of Commerce and Industry and its members on enhancing commercial ties between Ethiopia and Algeria. 

In his engagement with Annaba business community and participants of the fair he underscored the need to work collaboratively to establish and strengthen ties in the pharmaceutical sector where there is quite an attractive opportunity In Ethiopia for Algerian operators. 

The working visit Included a site visit to MMB- Mansouri Metal Box, Algeria’s leading  canning Industry that plays a key role in the packaging and distribution of agro-processed products of Algeria for local and export businesses.  

Ambassador Nebiat noted the importance of packaging for agro-processing and Invited MMB  to participate in Ethiopia’s  agro-processing sector by explaining the Investment Incentives and the availability of Industrial parks designated for agro-processing companies willing to Invest in Ethiopia. 

Ethiopia and Algeria established a joint business council to facilitate trade and Investment on August 3, 2021.