Search Site

Trends banner

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Algeria begins Sinovac Covid-19 vaccine production

An Algerian lab technician works on the production of the Chinese-developed Sinovac Covid-19 vaccine RYAD KRAMDI AFP
  • Lotfi Djamel Benbahmed, Algeria's minister for the pharmaceutical industry, has said the country plans to export the vaccines
  • Saidal, the firm making the jabs, was so far the only African company to be licenced to produce the jab

Algeria on Wednesday started producing the Covid-19 vaccine developed by Chinese firm Sinovac, with production expected to be eight million doses a month.

Prime Minister Aimene Benabderrahmane, who attended the launch of the production process at a factory in the eastern city of Constantine, called it a “big achievement”.

Production could be doubled in the North African nation if needed, officials said.

“Algeria… aims to achieve other projects of this kind,” Benabderrahmane said, praising the country’s pharmaceutical industry.

Lotfi Djamel Benbahmed, Algeria’s minister for the pharmaceutical industry, has said the country plans to export the vaccines.

He said Saidal, the firm making the jabs, was so far the only African company to be licenced to produce the jab.

Following a sharp spike in Covid-19 cases in past months, Algeria has seen a drop in recent weeks.

Algeria, the biggest African nation by size, announced this month a campaign to vaccinate some 70 percent of its 44 million population by the end of the year.