Kampala- Ugandan spirits (alcohol) manufacturers have agreed to convert 7.3 million litres of ethanol into hand sanitisers to fight the spread of Covid-19 in the country. Uganda registered the first case of a Covid-19 on March 21. The pronouncement was made on Monday by the State Minister for Investment, Ms Evelyn
AfricaPLC | News Contributor
CBN release FX to pharmaceutical investors to boost medical supplies
No fewer than 10 pharmaceutical companies have been granted both naira and foreign exchange facilities by the Central Bank of Nigeria (CBN) to assist in boosting local production of drugs in the country. This was seen in a communique from a meeting held by Central bank and the Banker’s committee—comprising
Babylon inks 10-year partnership with Rwandan government
Babylon’s Rwanda-focused virtual care subsidiary, Babyl, inked a 10-year partnership with the country’s government giving every person over the age of 12 access to digital health consultations. According to Babyl, every appointment will be paid for through the government’s Mutuelle de Santé community-based health insurance scheme, which is managed by the Rwandan
IFC agrees risk-sharing deal to support Nigerian SMEs and women-led businesses
The International Finance Corporation (IFC) has agreed a risk-sharing facility to help expand lending to female-owned businesses and small and medium enterprises (SMEs) in Nigeria. This US$25mn local-currency facility, signed with Union Bank, is part of the IFC’s small loan guarantee programme (SLGP), which facilitates local currency lending to small
IFC adds Nigerian bank to global trade finance programme
The International Finance Corporation (IFC) has agreed to provide a US$40mn guarantee to Coronation Merchant Bank in Nigeria, as part of its Global Trade Finance Programme (GTFP). Under the terms of the deal, the IFC will offer confirming banks full or partial guarantees to cover Coronation Merchant’s trade-related payment obligations,
Egypt’s DentaCarts identifies lucrative niche, plots geographic growth
Egyptian startup DentaCarts has found itself a lucrative niche in serving the needs of dental clinics, and is planning to seize the opportunity by expanding into new markets. Launched in 2017 by Ahmed Yehia and Saad Saleh, DentaCarts allows dentists and clinics to purchase dental products online, and has a catalogue of
Potential US-Kenya trade pact meets with muted response
Following a meeting between US President Donald Trump and his Kenyan counterpart Uhuru Kenyatta earlier this month, Washington has officially initiated trade agreement negotiations with the East African country. While United States Trade Representative Robert Lighthizer has hailed the “enormous potential” for the two sides to deepen their economic and
