Market News Page No. 158| Africa Business News

Pharmaceuticals to Have Single Regulator in EAC

The pharmaceutical division is set to benefit by more broad access to the market following a course of action by the East African Community (EAC) States to set up a single regulatory agency for drugs. Medication firms would then be able to get to the 160 million strong EAC market effortlessly as the agency is relied upon to diminish time and costs of evaluations and approvals of drugs/medical devices. Presently, new medications must be.... Read more »

Posted on : Wednesday , 18th April 2018

Babyl's AI Inspired Healthcare now in Rwanda

Babyl Rwanda, an advanced medicinal services supplier has been gaining good ground in Rwanda of late. Headquartered in London, Babyl expects to bring affordable and accessible healthcare services to all Rwandans. They hope to do this by combining the medical expertise of professionals and the ever-increasing computing power of modern day machines. Dr. Shivon Byamukama, the deputy CEO of Babyl explained that Babyl utilizes.... Read more »

Posted on : Wednesday , 18th April 2018

Program Integrating Technology in Healthcare Introduced by Kenya and Japan

The Kenyan government has collaborated with the government of Japan to dispatch a fresh new health development program that will work towards coordinating innovative technologies into health care services in the mission to achieve the objective of attaining universal healthcare. The venture is an undertaking of the Japan Policy and Human Resource Development (PHRD) and will see medical data gathered utilizing a tech platform to predict early.... Read more »

Posted on : Wednesday , 18th April 2018

Forum to Discuss Opportunities in Kenya�s Energy Sector

Later this month, Kenya’s ministry of energy and petroleum will hold a two-day forum in Nairobi to discuss investment opportunities in the energy sector across the East African region. The meeting which will be held from the 29th to 30th will be organized by Future Energy East Africa Conference and Exhibition will be attended by investors, policymakers, and industry executives to discuss emerging opportunities in the.... Read more »

Posted on : Friday , 1st December 2017

Tanzania- German Firms Explore Investment Opportunities

More and more German companies intend to explore business opportunities in Tanzania, in sectors such as infrastructure, education, technology, machinery and energy (oil, gas and hydropower). The delegation met with Dar es Salaam mayor Isaya Mwita. The mayor had explained all investment and business opportunities to the delegation, which should help convince them to invest in different sectors of the.... Read more »

Posted on : Friday , 1st December 2017

East Africa- 15 New Reforms To Ease Doing Business In Rwanda

The government plans to introduce 15 new reforms across various sectors, as a means to ease doing business in the country. The initiative follows recent World Bank Doing Business Report that ranked Rwanda 41st globally and second in Africa out of the 190 economies globally. The reforms will address key concerns of investors across the World Bank Doing Business report’s indicators. For example, under access.... Read more »

Posted on : Friday , 1st December 2017

Ethiopia Largest FDI Recipient in Africa

Federal Democratic Republic of Ethiopia President Dr. Mulatu Teshome said Ethiopia has transformed into the biggest recipient of Foreign Direct Investment (FDI) in Africa. The seventh International Conference on Pulses, Oilseeds and Spices was under way with the subject 'Africa the future pulses and oil seeds supply'. Speaking on the event, President Mulatu said that the most recent United Nation Conference on Trade and.... Read more »

Posted on : Wednesday , 18th April 2018

KENYA- PROJECTS TO IMPROVE OIL SUPPLY LOGISTICS

To enhance the availability of fuel at home and in the neighboring countries the Kenya Pipeline Company (KPC) is undertaking a number of petroleum infrastructure projects. They include the enhancement of storage capacity, the replacement of pipelines, and investment in loading facilities. With efficient infrastructure, Kenya is assured of a adequate, reliable, and cost-effective supply of petroleum products across.... Read more »

Posted on : Thursday , 30th November 2017

Mega port project in Tanzania gets a landmark go-ahead

Government of Tanzania has approved a major project to develop a port and an adjoining industrial zone in Tanzania by the Oman Sultanate’s State General Reserve Fund (SGRF), along with its partner China Merchants Ports (CMPorts). The proposal includes dredging of the navigational channel, construction of a port and logistics park, and the development of the portside industrial free zone. The whole project is encompassed under the.... Read more »

Posted on : Wednesday , 29th November 2017

Youth in Agribusiness the Focus of EU-Africa Business Forum

The sixth EU-Africa Business Forum took place in Abidjan, Côte d'Ivoire on Monday. "Investing in Job Creation for Youth", was the focal topic at the occasion this year. African Development Bank Group President Akinwumi Adesina took part at the event and spoke extensively at a high level forum at the occasion. He called for a new thinking while dealing with the youth of the African.... Read more »

Posted on : Wednesday , 29th November 2017

Tallest building in Africa - Construction work begins

Work has commenced on the construction of Africa’s tallest building in Kenya. His Excellency; the President of Kenya laid the foundation stone to this landmark project recently. The twin tower development dubbed Pinnacle Towers will have 70-floors with mixed-use purpose, and will be located in Nairobi’s Upperhill area. With cost of US$ 194m for it to be complete, the building will have the highest viewing deck in.... Read more »

Posted on : Wednesday , 29th November 2017

Private Sector Owned Medical Facilities to Attract More Medical Tourism

Private sector owned medical facilities are depending on new advanced medical technologies and the offer of specific client focused services to draw in customers from neighboring countries with the hope of boosting medical tourism. A large portion of these medical facilities are based out of Nairobi. However another private facility has been opened in Mombasa which will cater to local as well as foreign clientele looking for.... Read more »

Posted on : Wednesday , 18th April 2018