Merck, a leading company for innovative and top-quality high-tech products in the pharmaceutical, chemical and life-science sectors, announced on Thursday the signature of a memorandum of understanding with Kenya Medical Research Institution (KEMRI) for a scientific partnership. Merck said in a statement that the partnership aimed at contributing to Kenya's social and economic development would cover research and development.... Read more »

Posted on : Friday , 31st October 2014

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 deal amount was not disclosed but a typical investment ranges between $5 million (Sh444 million) and $20 million (Sh1.78 billion). The private equity.... Read more »

Posted on : Friday , 31st October 2014

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 consumer goods and medical products in fast-growing Africa. Although based in the Netherlands, Imres mainly targets Africa’s developing.... Read more »

Posted on : Friday , 31st October 2014

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, has entered into a collaboration with Teva Pharmaceuticals (Pty) Ltd, an affiliate of Teva Pharmaceutical Industries Ltd (Teva) - the.... Read more »

Posted on : Friday , 31st October 2014

 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 managing director Marc Boisgarnier, said Red Cross has been a very good partner and customer to their business. He said the Red Cross has been on.... Read more »

Posted on : Friday , 31st October 2014

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 intention is that by the end of the year, we should have three laboratories in Kigali, after which we will pursue partnerships to increase our.... Read more »

Posted on : Thursday , 9th October 2014

Siaya Governor Cornel Rasanga yesterday said they will sign an MoU with the University of Tennessee, which is one of the world's leading institutions in medical, healthcare training and medical research. "The institution will facilitate the upgrading of the facility to a world class healthcare institution and a centre of excellence in the provision of healthcare," Rasanga said. He was accompanied by Deputy Governor Ouma Onyango.... Read more »

Posted on : Thursday , 9th October 2014

Rwanda and Uganda have signed a bilateral agreement to open their markets for pharmaceutical products. In addition, the deal will boost the war against the cross-border trade in fake drugs. The deal will enhance exchange of information in pharmaceutical products with a framework to promote medical research and development of the pharmaceutical industry. Officials said the two countries will access drugs manufactured by companies across.... Read more »

Posted on : Thursday , 9th October 2014

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, together with low reimbursement rates, says the research, from Frost & Sullivan. Increasingly, urban consumers constitute Kenya’s primary.... Read more »

Posted on : Thursday , 9th October 2014

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 has become a hub for medical technologies and innovations due to capital injection from multinationals. “Huge investments flow into the.... Read more »

Posted on : Wednesday , 8th October 2014

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 according to the Kenya’s Deputy President William Ruto, with the said land already fenced in preparation for construction works. The funds required.... Read more »

Posted on : Wednesday , 8th October 2014

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 lighting and affordable health care, as well as developing innovations to meet the aspirational needs of the rising middle class in Africa. The Philips.... Read more »

Posted on : Saturday , 6th September 2014