African Business News

Scholarship helps Coastal medical student visit Africa

A TRIP to Ghana last year has driven Ciara Peddell to help those less fortunate.

Working at a small rural hospital in the town of Asesewa, the Burnie-placed medical student watched helplessly as locals suffered due to a lack of amenities and treatment.

"We complain about our health care system here all the time," Miss Peddell said.

"You go there and young children are dying in front of you from simple illnesses.

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EffRx Pharma signs distribution agreements for Binosto in Russia, Africa

Switzerland-based EffRx Pharmaceuticals has signed two new distribution agreements that will bring its osteoporosis treatment, Binosto, to markets in Russia, CIS countries and Africa.

The company has partnered with Andrus for the distribution of Binosto in Russia, Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Ukraine and Uzbekistan.

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Africa’s economic boom

Africa remains a sweet investment destination due to its resilience to internal and external shocks that have hampered economic growth globally.

This was according to the latest African Economic Outlook report, produced by the African Development Bank, the OECD and the United Nations Development Programme, released yesterday.

Africa’s economy is expected to grow to 4,8% this year and further accelerate to around 6% in 2015.

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Ascendis Health acquires Pharma Natura for ZAR121 million

Ascendis Health (Pty) Limited, announced the 100 % acquisition of Pharma Natura from Guy Wertheim Aymes Family Holdings for ZAR121 million, a deal that includes the well-known brands Vitaforce, Bettaway, Homeoforce as well as the properties and manufacturing facility in Johannesburg, South Africa.

Ascendis is a fast growing health products group, which markets health and care brands for humans, plants and animals.

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