Market News| Africa Business News

Egypt: Country on Track After Currency Flotation, Drug Shortage to be Resolved Soon - PM Ismail

Prime Minister Sherif Ismail said that Egypt is on the right track after the Egyptian pound’s flotation which contributed to correcting the economic path of the country. Egypt had suffered from political and economic instability over the past six years which has led to the diminishment of the inflow of US dollars to the country, because the inflow of foreign investment and tourism decelerated, along with the weakness of.... Read more »

Posted on : Monday , 6th February 2017

Egypt: Prices of 3000 Drugs Increased by Health Ministry

The Ministry of Health announced on Tuesday that it has increased the prices of 3,000 drugs, of which about 300 drugs are against chronic diseases. Minister of Health Ahmed Emad El-Din said in a statement that the ministry has agreed with pharmaceutical companies to move up the prices of 15% of local drugs and 20% of foreign drugs (totaling 3,000 drugs), out of 12,000 drugs in the market. Emad El-Din added that the new increase.... Read more »

Posted on : Monday , 6th February 2017

IMF support boosts investor confidence in Egypt

More details have emerged regarding Egypt’s ambitious programme of economic reform, as the country remains on course to receive the next allocation of a $12bn loan from the IMF to support its efforts. On January 18 the IMF mission chief for Egypt, Chris Jarvis, told a news conference that the country was set to receive the $1.25bn second tranche of its three-year loan from the fund, pending a review planned for the end of.... Read more »

Posted on : Monday , 6th February 2017

Expogroup Wins Big at the Tanzania Leadership Awards 2016

On the evening of Friday 27th January 2017, members of the business community in Tanzania gathered at the Hyatt Regency Hotel to celebrate the most accomplished businesses of 2016. The event was the Tanzania Leadership Awards (TLA), which honors successful businesses that range from conglomerates with more than 500 employees, to small start-ups with a staff count of 2 to 4 employees. Expogroup, a pioneer in the trade show.... Read more »

Posted on : Friday , 3rd February 2017

Kenya: New Rule to Check Unnecessary Medical Referrals Abroad

A doctor will from now on only refer a patient abroad for treatment if there is evidence that hospitals in the country lack the capacity to take care of them. The new measures, published Monday, are meant to put strict measures on international referral and to protect patients from rogue doctors who misadvise them to seek treatment abroad in exchange for kickbacks. In the new guidelines, drawn up by Health Cabinet Secretary.... Read more »

Posted on : Wednesday , 1st February 2017

Kenya: Governors to Hire Doctors on Contract Basis to Ease Burden

Governors said they will employ doctors on a three-year renewable contract as opposed to the current permanent work terms. This, they said, will help them engage the doctors on a more sober manner as compared to now when they are permanent and under the national government. The county bosses have threatened to sack doctors who have been on strike, saying they had run out of patience. Council of Governors health.... Read more »

Posted on : Monday , 30th January 2017

Kenya: Aga Khan Hospitals to Get $12.5 Million Upgrade

The Aga Khan Health Services-Kenya and Agence Française de Développement (AFD) have signed a Ksh1.25 billion ($12.5 million) expansion and upgrading agreement for Kisumu and Mombasa Aga Khan hospitals. Aga Khan Hospital Mombasa chief executive Noorali Mimon said key among the beneficiaries would be a cardiology programme and a day-care chemotherapy centre. Moyez Alibhai, chairman of the Aga Khan Health.... Read more »

Posted on : Wednesday , 25th January 2017

Kenya: Striking Doctors to Get Sacking Letters From This Week

Nearly 4,000 dismissal letters will be issued to doctors who are on strike from this week, the Nation.co.ke has learnt. Chairman of County Health Executives Forum Andrew Mulwa said immediately county governments issue the letters, there will be no further negotiations with the doctors who have boycotted work since December 5, 2016. Dr Mulwa said the dismissals come after the doctors were given show-cause letters, on or around.... Read more »

Posted on : Tuesday , 24th January 2017

Tanzania: New State of the Art Sickle Cell Testing Kit Unveiled

Dar es Salaam, Tanzania — A new and state-of-the-art sickle cell-diagnostic technology, "Sickle-Scan test kit" was officially launched in Dar es Salaam last week - a big boost to the government's efforts aimed to reduce the number of people dying of sickle cell and related diseases in the country. "With this technology, we can rescue millions of people, particularly children, dying of sickle cell diseases,".... Read more »

Posted on : Tuesday , 24th January 2017

Kenya has Potential to Lead the Way to Universal Health Care in Africa

Nairobi — Consider this: every year, nearly one million Kenyans are pushed below the poverty line as a result of unaffordable health care expenses. For many Kenyan families, the cost of health care is as distressing as the onset of illness and access to treatment. A majority of the population at risk can hardly afford the costs associated with basic health care and when faced with life threatening conditions, it is a double.... Read more »

Posted on : Saturday , 21st January 2017

Ethiopia: Number of Doctors Growing at a Promising Pace - Health Minister

Health State Minister Dr. Kebede Worku said the number of doctors graduating from various universities is growing at a promising pace. Speaking at the graduation ceremony of Arsi University School of Health Sciences , Dr. Kebede Saturday said: "12 years ago, there were only three medical schools allover the country, now we have over 28 public and eight private referral and teaching colleges with the capacity to graduate over two.... Read more »

Posted on : Friday , 20th January 2017

Tanzania: Focus Should be on E-Health This Year

This year 2017, as a nation, we ought to adjust more efforts in the adopting and using e-health so that our country advances steps closer to attaining the goal of Universal Health Coverage (UHC). For instance, an effective tele-health improves healthcare access at lower cost. The healthcare industry is among the sectors that are enjoying the fruits of technology. The world is now endeavouring to achieve the goal of UHC, where.... Read more »

Posted on : Wednesday , 11th January 2017