Several American healthcare providers partner to launch 20 lifesaving cancer treatments in Africa

SUB SAHARAN AFRICA – The American Cancer Society (ACS) and the Clinton Health Access Initiative (CHAI) has announced agreements with pharmaceutical companies Pfizer, Novartis and Mylan to expand access to 20 lifesaving cancer treatments in 26 countries in sub-Saharan Africa and Asia. Purchasers are expected to save an average of 59 percent for medicines procured through the agreements. “With the rapidly growing burden of cancer in Africa, it is crucial that we improve and expand access to high-quality, affordable treatment. These agreements build on those announced in 2017 that have…

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South African retailer Massmart gets US$230m backing from parent company Walmart

SOUTH AFRICA – South African retailer Massmart has received a R4 billion (US$230m) inter-company loan from its parent company Walmart, an American multinational retail corporation to help it offset liquidity constraints triggered by the COVID-19 pandemic. With the backing, Massmart, which owns Makro, Game and Builders Warehouse retail outlets has indicated that the group now has sufficient resources to meet its obligations, reports IoL. “In addition to the facility support provided by local financial institutions, the group secured a R4bn inter-company loan from Walmart Inc to provide additional headroom in the…

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China tops Nigeria’s 6 month import list, accounts for 31% of value of Q3 imports

NIGERIA – Nigeria’s imports from China in the second and third quarter of 2019, (April to September) stood at US$6.08 billion (N2.2tn); data obtained from the National Bureau of Statistics has shown. The country imported Chinese goods worth US$2.82 billion (N1.02tn) in the second quarter, representing 25.47 per cent of total imports and in the third quarter, imported Chinese goods valued at US$3.37 billion (N1.22tn) representing 31.34 per cent of total imports. Imports from the United States of America were valued at US$1.17 billion (N422.1bn), representing 10.53 per cent of…

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