Pharmaceutical distributor Rand Pharm secures investment from Vumela Fund

SOUTH AFRICA – Rand Pharmaceutical Distributors (Rand Pharm), a pharmaceutical distributor in South Africa has secured an investment from The Vumela Fund, established by FNB Business and Edge Growth. Rand Pharm operates from one warehouse that serves the independent retail pharmacy market, dispensing to doctors, hospitals and clinics, as well as emerging markets in the townships (spaza shops and small supermarkets). They offer a complete range of generic medicine from pharmaceutical companies including Aspen, Adcock Ingram, Cipla, Sun Pharma, Pharmadynamics, Biotech Labs and more, currently supplying clients in Gauteng, Free…

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French pharmaceutical firm Sartorius invests in pharma training in Tanzania

TANZANIA – Global pharmaceutical and laboratory equipment supplier Sartorius is supporting an aid project to improve pharmaceutical training in Tanzania through a donation of US$104,000 which will go to action medeor, the European medical aid organization. The organization’s project addresses young people who will provide healthcare in Tanzania after completing their education as non-academic pharmaceutical specialists in order to strengthen the country’s health service infrastructure. “As a life science group, Sartorius is contributing toward the development and production of affordable medicines. In order for these to reach the people in…

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Kenya Airways unveils new specialized pharma cargo facility

KENYA – Kenya’s national airline Kenya Airways popularly known KQ, has unveiled a specialized pharmaceutical facility to meet the growing demand for medical shipments across Africa. According to a statement posted on Kenya Airways website, the facility will ensure the safe handling of the temperature-controlled pharmaceuticals and other health care products in accordance to World Health Organization guidelines. The need for specialized facilities to transport pharmaceutical goods has risen sharply particularly in this Covid-19 pandemic period. Airlines around the world are adjusting facilitate the transportation of Covid-19 vaccines all over…

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Vetopharm Nerhadou secures US$41M for the establishment of pharmaceutical factory

EGYPT – The Housing and Development Bank (HDB) has formed a banking alliance with Export Development Bank of Egypt (EBE), Egyptian Arab Land Bank (EALB), Industrial Development Bank (IDB), and the Suez Canal Bank (SCB) have for the establishment of a pharmaceutical factory. The banking alliance will provide EGP650 million (US$41.48m) syndicated loan to Vetopharm Nerhadou International to finance the pharmaceutical factory in Borg El-Arab city, Alexandria. The project includes two production units. The first unit will produce all drugs and medical preparations while the second unit will produce biological…

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