Market News

Kenya’s prescription pharmaceuticals market was worth $423.2 million last year, and is set to increase at a compound annual growth rate (CAGR) of 11.8% to 2019, say new forecasts. The market is heavily dependent on the private clientele, and affordability remains a primary restraint, togeth . . .

Foreign direct investments into the Kenyan health sector have tripled thanks to conducive policy and legislative environment alongside demand for quality services among the burgeoning middle classes, officials have said. Ann Kirima, Chairperson of Kenya Investment Corporation (Keinvest), said Kenya . . .

The Government of Kenya will construct a new referral hospital in Eldoret at a cost of US$ 563m. 200 acres of land have already been set aside for the construction project near the Eldoret’s GK prison. Construction works on the new referral hospital are expected to commence next year accordin . . .

Philips has announced the establishment of its Africa Innovation Hub in Nairobi, which is to work both on the creation of new inventions, as well as bringing them to the market. It will also do application-focused scientific and user studies to address key challenges, like improving access to light . . .

WASHTENAW COUNTY - Huron Valley Ambulance has donated more than 100 cases of medical supplies to aid some vulnerable African communities through the Ann Arbor-based non-profit Relief for Africa. Intravenous (IV) kits and surplus medical supplies were presented Aug. 19 by HVA to Relief for Africa re . . .