Market News

KAMPALA, Uganda -Cipla Limited the global pharmaceutical company has announced the purchase of a 51% stake in Quality Chemicals Limited by its wholly owned subsidiary in the UK, Cipla (EU) Limited.    “Quality Chemicals Limited is one of the leading distribution companies for pharm . . .

 The Kenyatta National Hospital has received dialysis machines from the Egyptian government. Making the donation Monday, Egypt Foreign Affairs Minister Sameh Shouky revealed that his country will sponsor training for 50 health professionals on cancers affecting children.   In addition, . . .

The Pumwani Maternity Hospital is set to get 250 extra beds and a neo-natal intensive care unit in a planned Sh1.2 billion upgrade by the Nairobi County government.   The upgrade will also include six theatres, a digital centre, a laboratory, a diagnostic centre, an ICT lab and an improved . . .

There is a strong demand in Africa for quality, world-class private healthcare, especially from the emerging middle-class, foreign investors, government and health insurers.   So says Peter Botha, chief executive of African Medical Investments, in a new report by the Economist Intelligence Un . . .

NAIROBI, Kenya - Competition in the Kenyan and regional health insurance sector could heighten with the acquisition of a major player by global private equity firm, LeapFrog Investments. LeapFrog Investments known globally for shaking markets that it enters last week announced plans to acquire a . . .