Ethiopian Investment Opportunities
Investment opportunities in pharmaceuticals
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The Government of Ethiopia considers pharmaceutical manufacturing a priority for its
economic strategy
Increased attention to the country's disease burden, rising healthcare coverage, and
progressive population and economic growth make Ethiopia an attractive market for
pharmaceuticals
The Ethiopian pharmaceutical market is expected to grow at 15% per year to reach nearly
$1 billion by 2020
In addition, Africa represents a frontier pharmaceutical market valued at >$25B and where
high growth is still achievable
COMESA represents a large export market - with an addressable market size of $6.2B -
while IGAD and EAC are also considerable market size
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Kilinto Industrial Park will specialize in pharmaceutical manufacturing and will be opened
in early 2018
Wide ranging incentives for pharma manufacturers located in IPS - generous income tax
exemption
Source: EIC analysis
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