Market News

Fidson Healthcare plc will commission a N7.5 billion (US$38 million) drug-making plant this year to offer more options in the Nigerian pharmaceutical industry and grow its portfolio.   The new facility will double the company’s production capacity and will, for the first time, add intra . . .

Mortimer Harvey Africa Middle East has signed a two-and-a-half-year consultancy services agreement with Rameda, a state-of-the-art pharmaceutical company in Egypt. Thibaud Weick, CEO of Mortimer Harvey Africa Middle East, says the company's scope of work includes consulting, in addition to advertis . . .

Borregaard and Sappi will increase the lignin production capacity by 20,000 tonnes at LignoTech South Africa. The added volume will be marketed to the joint venture company's existing applications and geographical markets. The investment by LignoTech is estimated at R105m (approx. US$ 8.5 million), . . .

Health Systems Technologies (Pty) Ltd (HST), a subsidiary of African Equity Empowerment Investments Limited (AEEI), has secured a contract with the Tanzanian Ministry of Health to implement Laboratory Information Management Systems (LIMS). HST, a leading provider of integrated healthcare solutions i . . .

KAMPALA, Uganda -Cipla Limited the global pharmaceutical company has announced the purchase of a 51% stake in Quality Chemicals Limited by its wholly owned subsidiary in the UK, Cipla (EU) Limited.    “Quality Chemicals Limited is one of the leading distribution companies for pharm . . .