Cipla to acquire majority stake in UAE-based pharma manufacturer for $21M

Mumbai-based drugmaker Cipla Ltd is acquiring 51 per cent stake in a UAE-based pharmaceutical company which has manufacturing and distribution business in Yemen for $21 million. “Given the recent preference to local manufacturing, this secures the company’s presence in a fast growing market,” the company said in a stock exchange announcement. At present Cipla has over 200 products in Yemen market. The company will pay $21 million for this transaction with.... Read more »

Posted on : Monday , 28th July 2014

Africa's first medical tablet wins award

Five young visionaries from Africa, India, Europe and the Middle East were announced at London’s leading scientific institution, the Royal Society, as winners of the 2014 Rolex Awards for Enterprise. One winner in particular, Arthur Zang from Cameroon, has invented what is believed to be Africa’s first medical tablet, which will allow health-care workers in rural areas to send the results of cardiac tests to heart specialists via a mobile-phone connection. This type.... Read more »

Posted on : Monday , 28th July 2014

German's industrial machine exports to Africa hit 580m euro

German exported industrial machines worth 580 million euro to Africa in 2013, representing 7.5 per cent of the country’s total export, Mr Richards Clemens, Managing Director, Packaging Machinery Association of Germany told journalists in Lagos on Monday.He said there was an increase in the global demand for German technology, adding that Nigeria was top on the list of countries making such demands. Nigeria is one of our largest markets with an import volume of about 114.... Read more »

Posted on : Monday , 28th July 2014

Southern Africa: Prospects for Industrial Development in SADC

The first major challenge for SADC economies, as is the case with most African states, is a development model that is driven by consumption and primary commodity exports. The limitations of this kind of an economic growth path were severely exposed during the recent global economic crisis when the region’s economic performance was severely jolted. Further, the regional integration model in Africa has tended to focus too much on trade at the expense of the development of.... Read more »

Posted on : Monday , 28th July 2014

Kenya: Kisumu to Invest in Agriculture

The Kisumu county government plans to invest in farm inputs and educating farmers on modern agriculture methods and technologies. Agriculture executive Stephen Orot yesterday said this will enhance food security in the county. He said they will improve provision of certified seeds, extension services and irrigation to boost the quality of agriculture products and increase yields. Orot told the Star in his office that the county has favourable climate for farming and proper.... Read more »

Posted on : Monday , 28th July 2014

Lopes Urges Leaders to Rethink Agricultural Policies

Malabo, Equatorial Guinea – At the 25th Ordinary Session of the African Union Executive Council Monday, Carlos Lopes, Executive Secretary of the Economic Commission for Africa urged member states to seriously rethink policies on agriculture, whose share of GDP, he warned, has been on the decline. “The progress in agricultural productivity level has been uneven across countries, ranging from an increase of 325% in Nigeria to a decrease of about 40% in Zimbabwe,” he.... Read more »

Posted on : Monday , 28th July 2014

$4m in projects to strengthen Tanzania's agricultural productivity

More than 100,000 smallholder farmers in Tanzania will benefit after today’s announcement of US$4.25-million in new grants to increase their productivity and as a contribution to the country’s food security. The funding from the Alliance for a Green Revolution in Africa (AGRA) aims to improve incomes, productivity and access to markets for farmers in the Southern Highlands – Tanzania’s main breadbasket region and a region covered by the Southern Agricultural.... Read more »

Posted on : Tuesday , 29th July 2014