Market News

Private equity firm Catalyst Principal Partners has bought a stake in Mimosa Pharmacy, a retail drugs store chain, in the first local investment by the investor. Catalyst said it made the investment jointly with Africa Chemist and Beauty Care (ACBC), a Mauritius-based pharmaceutical chain. The de . . .

South Africa’s Imperial Holdings will buy 70 per cent of Imres BV, a Dutch wholesaler of medical supplies, for 46 million euros. This is to expand its pharmaceutical distribution in Africa, the transport company said on Thursday. Imperial is looking to expand its distribution business for co . . .

The collaboration is a sales and distribution arrangement whereby Cipla Medpro will exclusively market Teva's broad pharmaceutical product portfolio in South Africa Cipla Medpro (a part of Cipla Ltd located in South Africa), through its subsidiary company Medpro Pharmaceutica (Pty) Ltd, h . . .

 Premium dealer in Toyota automobiles in Liberia has donated a Toyota Land cruiser ambulance valued at US$55,000 and a HINO truck valued at US$42,000 to the Liberia National Red Cross Society. Speaking at a the donation ceremony held at the company's office on the Bushrod Island, the company's . . .

Lancet Kenya, a diagnostic laboratory, plans to set up shop in Rwanda from October at a cost of Ksh200 million ($2.3 million) as it looks to cement its regional business. The money will be spent on equipping the Kigali lab and building three other facilities, including one in Butare. "Our intent . . .