Business & Industry

IFC extends facility to Nigeria pharmacy chain, HealthPlus

The International Finance Corporation (IFC), a member of the World Bank Group, has announced an agreement with HealthPlus Limited and CasaBella International Limited to provide a $5 million loan facility that will help the two companies expand pharmaceutical and personal care services in Nigeria.

IFC extends facility to Nigeria pharmacy chain, HealthPlus

The International Finance Corporation (IFC), a member of the World Bank Group, has announced an agreement with HealthPlus Limited and CasaBella International Limited to provide a $5 million loan facility that will help the two companies expand pharmaceutical and personal care services in Nigeria.

Deals

Policy & Regulatory Affairs

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Arab African Joint Pharmaceutical Market

Pharma Projects

Hikma Pharma Signs JV Agreement With MIDROC Pharma; eyes Africa growth

Hikma Pharmaceuticals Plc, multinational pharmaceutical group, announced Wednesday that it has signed a 50:50 joint venture agreement with MIDROC Pharmaceuticals Limited, a member of Sheikh Mohammed Hussein Al Amoudi’s MIDROC Group, to establish a presence in the Ethiopian pharmaceutical market. The joint venture will be called HikmaCure.

Plans set for new ARV production plant in Ghana

Oxford International Biomedical Ventures (OIBV), the ‘commercial arm’ of  United Kingdom-based charitable organisation Oxford International Biomedical Centre (OIBC) and the Government of Ghana (GoG) led by the Ministry of Environment, Science and Technology (MEST), are set to jointly establish a plant to manufacture anti-retroviral drugs and drugs for Priority Endemic Diseases in Ghana, OIBC said in a

People

Pharma Deko appoints Non- Executive Director

Pharma Deko Plc has notified the Nigerian Stock Exchange that at the 137th meeting of its Board of Directors held on Wednesday, May 14th 2014, Professor Herbert C.B. Coker of the Faculty of Pharmacy, University of Lagos was appointed a Non–Executive Director of the Company effective May 15, 2014.

Press Releases

International

China delegation conducts East African visit and seminar

The Chinese Chamber of Commerce for Import & Export of Medicines and Health Products (CCCMHPIE) last month led a delegation to the East African countries of Kenya and Tanzania from Sep. 13 to 19 during which it held in Kenya a seminar titled “Sino-Africa Drug Trade Cooperation – The Seminar on Chinese Medicinal Products”.

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