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Market News

  • Ethiopia: Cornerstone Laid For Phase II of Hospital Construction

    Posted on :Saturday , 16th April 2016

    The cornerstone for the phase II construction of Tirunesh Beijing General Hospital was laid yesterday. The expansion is meant to provide special treatment to patients and would be undertaken on 5,750 square meter.

     
    Health Ministry Health Infrastructure Development Director Mekonnen Engida on the occasion said that the project is intended to give specialized maternal . . .

  • U.S.$4.5 Million Donated by GNPC for Construction of Sickle Cell Center in Ghana

    Posted on :Monday , 14th March 2016

    The Ghana National Petroleum Corporation (GNPC), has presented a cheque of $4.5 million to the Sickle Cell Foundation, towards the construction of a Centre of Excellence for Sickle Cell Treatment and Research at the Komfo Anokye Teaching Hospital in Kumasi in the Ashanti Region.

     
    Sickle cell disease (SCD) is a chronic disease with frequent attacks of debilitating pai. . .

  • Kenya County Seeking Sh142m Supplementary Budget for Health

    Posted on :Thursday , 25th February 2016

    The county government is asking the assembly to approve Sh142 million in its supplementary budget to cater for the health sector and salaries in the current financial year.

     
    House Budget committee chairman Moses Ndung'u confirmed on Wednesday that the amount is part of the Sh374 million supplementary budget that was forwarded to the committee by the executive last we. . .

  • German disinfectant maker eyes Kenyan market with Pharmaken tie up

    Posted on :Tuesday , 23rd February 2016

    A German pharmaceutical firm has announced plans to enter the Kenyan market targeting health facilities and medical staff with its range of disinfectants.

     
    Dr Schumacher has partnered with Pharmaken Ltd, winner of last year’s Business Daily sponsored Top 100 competition for small and medium sized enterprises, to exclusively retail in Kenya hygiene products and . . .

  • East African Pharmaceutical Signs U.S.$42 Million Agreement with UK Based Firm

    Posted on :Tuesday , 2nd February 2016

     Addis Pharmaceutical Factory (APF) signed a 42 million dollar partnership agreement with 54 Capital Ltd., a UK-based asset management equity firm, which has investments in different countries in Africa.

     
    APF, one of the many businesses under the Endowment Fund for the Rehabilitation of Tigray (EFFORT), ceded 40.7pc of its equity in exchange for the indicated su. . .

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