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Sun,19Nov2017

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China, Africa ink $17 bln preliminary cooperation pacts

China's President Xi Jinping speaks during a Forum on China-Africa Cooperation in Sandton, Johannesburg, December 4, 2015. REUTERS/Siphiwe SibekoChinese companies and banks agreed preliminary deals with African counterparts on $17 billion worth of cooperation in sectors including infrastructure, energy, pharmaceuticals and information technology, the official Xinhua News Agency reported on Thursday.

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SA's Aspen Pharmacare sells off businesses to Indian drugmaker, Strides

photo@ReuterspharmacySouth Africa's Aspen Pharmacare Holdings Ltd is selling off some of its businesses in Australia and Mauritius to Indian drugmaker Strides Arcolab Ltd. Strides will pay $300m for the businesses, expanding its footprint in markets that are set for brisk growth.

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Foreign investment raises local fears in Zimbabwe

Donors, who supply 98% of drugs in the public sector, do not prioritise local companies/Photo©ReutersLocal companies are already struggling in the face of the government's preference for cheaper imported drugs, so the arrival of new foreign-backed companies could fundamentally alter the structure of the industry.

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Morocco, Algeria or Senegal? - 
Strategic drugs call for strategic thinking

Sothema's managing director Lamia Tazi is not shy of threatening to transfer Sothema's production to Algeria/Photo/All Right ReservedLocal manufacturing is important, says Moroccan company Sothema's managing director Lamia Tazi – and that's precisely why she's looking abroad.

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