Government of Zambia provides incentives for pharma industry

The Zambian government last week introduced incentives aimed at protecting the local steel-iron and pharmaceutical manufacturing industries, including preferential government procurement for local drugmakers with the aim of making them more cometitive, with immediate effect, reports the local Post Online.

Announcing the measures at the 47th Zambia International Trade Fair in Ndola, President Rupiah Banda said there is need for all business houses in the country to work together with government and ensure that Zambian goods are competitive in both quality and pricing.

Speaking when he officially opened this year’s Zambia International Trade Fair, President Banda said government was aware of the challenges faced by the private sector that have constrained innovation and competitiveness.