The National Agency for Support and Development of Entrepreneurship (NASDA) in Algeria has launched new measures to support pharmacists in setting up units for producing parapharmaceuticals and cosmetics. These incentives are part of NASDA's expanded activity, which aims to promote entrepreneurship and economic growth. The new measures were announced at an information day organized by NASDA in Blida, targeting pharmacists.
The new incentives are designed to encourage pharmacists to diversify their activities and create new job opportunities. According to Hanane Bouhafs, director of NASDA's Blida branch, the new measures will enable pharmacists to establish units for producing parapharmaceuticals and cosmetics, in addition to their pharmacy activities. This move is expected to boost the national economy and provide new opportunities for pharmacists.
The new incentives include financial support, with a financing ceiling of one billion centimes, and preferential loan terms. Beneficiaries can access a dual loan with 50% financing at zero interest, or a triple loan with 15% financing at zero interest from NASDA and 70% from a bank. Additionally, beneficiaries will enjoy tax and quasi-tax exemptions for 3 to 5 years.
The new measures are expected to have a positive impact on the national economy and the pharmaceutical sector. According to Walid Ayad, representative of the National Pharmacists' Union, the new incentives will contribute to the development of the national economy and provide a new dynamic for the pharmaceutical sector. The sector has already shown significant growth, particularly after the COVID-19 pandemic.
The information day organized by NASDA aimed to inform and sensitize pharmacists about the new measures. The event provided an opportunity for pharmacists to learn about the incentives and the requirements for accessing them. NASDA's initiative is expected to encourage more pharmacists to invest in the production of parapharmaceuticals and cosmetics.
The Algerian government has been promoting entrepreneurship and economic growth through various initiatives. The new measures introduced by NASDA are part of a broader strategy to support small and medium-sized enterprises (SMEs) and promote economic diversification. The government aims to create a favorable business environment and provide incentives for entrepreneurship and innovation.
Key points
- Algeria's NASDA introduces incentives for pharmacists to establish units for producing parapharmaceuticals and cosmetics.
- The incentives include financial support and preferential loan terms.
- The new measures aim to promote entrepreneurship, economic growth, and job creation in the pharmaceutical sector.
