Health Care News

A woman waved a portrait of Tedros Adhanom Ghebreyesus, the newly elected director general of the World Health Organization, in Geneva on Tuesday. Credit: Valentin Flauraud/European Pressphoto Agency

W.H.O. Elects Ethiopia's Tedros as First Director General From Africa

Tedros Adhanom Ghebreyesus of Ethiopia was voted director general of the World Health Organization on Tuesday, the first African ever to head the agency.

Here are 7 predictions for the African tech startup space in 2017

Here are 7 predictions for the African tech startup space in 2017

It has long been known that e-health has tremendous potential to make the delivery of healthcare in Africa more efficient. It is now becoming clear that this will be in the diagnostics space.

Felix Olale, Partner, LeapFrog Investments

LeapFrog acquires $22M majority stake in Kenya's Goodlife Pharmacy (Video)

LeapFrog Investments, a leading specialist investor in emerging markets, today announced its acquisition of a USD 22m majority stake in Kenya’s GoodLife Pharmacy.

Tunde Kehinde, Co-Founder, Africa Courier Express (ACE)

Africa Courier Express (ACE): The app that's beating the traffic in Lagos (Photos)

On the streets of Lagos, motorcycles, cars and daredevil cyclists weave through the lanes, jostling for space to avoid getting stuck in the chaotic traffic jams.

These 6 Sectors of Africa's Economy Are Poised for Growth - McKinsey

These 6 sectors of Africa's economy are poised for growth: McKinsey

In 2011, we published an article in HBR examining the surprisingly rapid growth of African economies and consumer markets.

Paul Kavuma, CEO, Catalyst Principal Partners

Catalyst Principal Partners acquires majority stake in Tanzanian pharma company for $125M

Catalyst Principal Partners, a leading East African focused private equity firm, has acquired a controlling stake in Zenufa Laboratories in Tanzania for $125 million.

How Africans are using technology to solve problems

How Africans are using technology to solve problems (Infographic)

The advent of the internet and technology has changed the world. With over 70% of Africa’s population under 30, the continent has one of the youngest populations in the world.

Luis Gravito, Senior Partner & Managing Director, BCG

Boston Consulting Group opens office in Lagos, 4th in Africa

The Boston Consulting Group has opened an office in the Nigerian city of Lagos, its fourth in Africa.

Jay Ireland, President, GE Africa

GE sees potential to double African revenue and employees in 5 years, says GE Africa President Jay Ireland

General Electric Co. sees the potential to double its African revenue and employees as the company expands in countries including Ethiopia and Mozambique, GE Africa President Jay Ireland said.

African IPOs Set to Double Capital Raised in 2016 - Baker & McKenzie

African IPOs Set to Double Capital Raised in 2016: Baker & McKenzie (Infographics)

Africa’s equity capital markets are set for a strong 2016 following a reasonable 2015 despite commodity price falls and capital flight from emerging markets hitting the continent’s major economies.

Annual African Private Equity Data Tracker: African Private Equity and Venture Capital Association (AVCA)

Annual African Private Equity Data Tracker (Infographic & Report): African Private Equity and Venture Capital Association (AVCA)

AVCA’s African Private Equity Data Tracker provides a summary of trends in private equity (“PE”) in Africa.

Teodoro de Jesus Xavier Poulson, Investment Committee Member, Fundo Activo de Capital de Risco Angola (FACRA)

Africa in 2016: Angola's public venture capital fund FACRA

How we made it in Africa asks Teodoro de Jesus Xavier Poulson – a member of the investment committee of Angola’s public venture capital fund, Fundo Activo de Capital de Risco Angolano (FACRA) – about his outlook for 2016.

Africa - A continent of opportunity for pharma and patients - McKinsey

Africa - A continent of opportunity for pharma and patients: McKinsey (Infographics & Report)

Africa may be the only pharmaceutical market where genuinely high growth is still achievable. Here’s what’s driving that strength and how companies should react.

Danie Meintjes, CEO, Mediclinic

South Africa's Mediclinic to buy UAE's Al Noor Hospitals for $2.2B

South Africa’s Mediclinic Intl has agreed to buy United Arab Emirates’ Al Noor Hospitals Group for around 1.4 billion pounds ($2.2 billion), gaining the upper hand on rival NMC Health in a tussle for expansion in the fast growing Gulf region.

Concept image of Lagos, Nigeria from NLE, featured in "Uneven Growth," MoMA, New York. Credit: CNN

Lagos 2050: How should Africa's biggest city prepare for doubling in size?

So your city is about to double in size, and it’s happening whether you like it or not. Infrastructure will be strained, sanitation is a concern and children need educating.

Olusegun Obasanjo, former President of Nigeria

Olusegun Obasanjo: My African utopia

Thirty-five years in the life of any human institution should not normally be considered too distant to predict its course of progress. After all, it is only a little over a generation away. What is more, those who will shape and influence what Africa will be by the middle of the 21st century are almost all already born.

Afriflora, a rose farm in Ethiopia, attracted a $200M investment from private equity powerhouse KKR last year.

From milk to roses, private equity investments in Africa on the rise

From milk churning in Zimbabwe to rose growing in Ethiopia, private equity investments in Africa have returned to pre-crisis levels and should keep rising as funds seek bumper returns in far-flung markets.

General Electric Co (GE) CEO for Africa, Jay Ireland. Photographer: Patrick T. Fallon/Bloomberg

GE books $2.5B in African orders from oil to locomotives, beating 2018 target by $500M

General Electric Co. booked $2.5 billion of orders from sub-Saharan Africa in the past 11 months, including oil and gas equipment for Eni SpA in Ghana and locomotives for Angola.

Muhammadu Buhari, President of Nigeria

Lessons Nigeria's Buhari can learn from Obama about managing a tough economy

It is atypical for an American president to invite a nascent African head of state to the White House, especially less than two months after the latter’s inauguration.

7 Myths About Doing Business in Sub-Saharan Africa

7 Myths About Doing Business in Sub-Saharan Africa

It’s 2015, and by now even latecomers among multinational corporations have decided to include African countries in their emerging market portfolios.

South Africa is a hidden emerging market play: Philippe Langham, Head of Emerging Markets Equities, RBC GAM

South Africa is a hidden emerging market play: Philippe Langham, Head of Emerging Markets Equities, RBC GAM

Philippines, Chile and South Africa offer interesting investment opportunities that are not fully exploited by emerging market investors.

Bonang Mohale, Chairman, Shell South Africa

Why South Africa must get real: Bonang Mohale, Chairman, Shell South Africa

Looking back on the last 20 years, there is much to celebrate about South Africa’s progress. Indeed, we could easily have become a Syria, Libya, Iraq, or Ukraine—but our leaders had the foresight and the wisdom to give us the amazing gift of a united, inclusive, nonracial constitutional democracy.

Africa's neither 'rising' nor 'falling' but it is growing-fast

Africa's neither 'rising' nor 'falling' but it is growing. Fast

Africa is vast. It is varied. When it comes to the region’s development, a host of differing narratives shape the story around its economic progress. With a long-standing presence in the region, GE has worked with, and helped to nurture its tremendous potential.

Dar es Salaam, Tanzania

Africa will have faster economic growth than any other region by 2040: PwC

Savvy CEOs already recognise the economic clout Kinshasa, Johannesburg and Lagos have in Sub-Saharan Africa (SSA).

Akinwumi Adesina, Nigeria's outgoing Minister of Agriculture and Rural Development was named Forbes' African of the Year in 2013. He has argued that nothing is more important to Africa's success than access to power.

Advancing Africa? No more 'business as usual': Akinwumi Adesina, Nigeria's Agriculture Minister & candidate for AfDB President

Africa is experiencing a never-before-seen economic and political transformation.

Johannesburg's Nelson Mandela Square (Reuters/Siphiwe Sibeko)

Johannesburg is Africa's most popular city for youth but Lagos is for its entrepreneurs

The 2015 YouthfulCities Index this week named Johannesburg as the “most popular African city” overall for young people aged 15-29.

Michelle Kathryn Essomé, CEO, African Private Equity and Venture Capital Association (AVCA)

African private equity exits show momentum after 38% increase in 2014

Private equity (PE) exits in Africa reached an eight-year high in 2014, and strong activity should continue as more companies enter the period where an exit becomes increasingly imperative, according to data from EY and the African Private Equity and Venture Capital Association (AVCA).

Jose Filomeno de Sousa dos Santos, Chairman of Fundo Soberano de Angola (FSDEA), Angola's sovereign wealth fund

Angola's sovereign wealth fund allocates further $1.4B to Africa projects

Angola’s sovereign wealth fund said on Monday it was allocating $1.4 billion to five new vehicles that will invest in sectors such as mining, timber, agriculture and healthcare within the country and elsewhere in Africa.

The 21-year-old patient was returned to full reproductive and urinary function after the operation. BRIAN SNYDER/REUTERS

South African doctors perform world's first successful penis transplant

he first ever successful penile-transplant has been carried out by doctors in South Africa, returning full reproductive and urinary function to a patient who was forced to have a life-saving penile amputation following a botched circumcision.

Mo Ibrahim, who started a foundation that bears his name, says his Index of African Governance gives investors the facts to make smart choices among diverse countries. Photograph by Mathias Braschler and Monika Fischer

Billionaire Mo Ibrahim Defies African 'Basket Case' Clichés

Mo Ibrahim, a Sudanese-born billionaire philanthropist, says the Ebola outbreak in West Africa has once again painted the entire continent as a disaster zone.

An illustrator works on a digital drawing board at the Kuluya Games office at Anthony district in Nigeria’s commercial capital of Lagos June 16, 2014. REUTERS/Akintunde Akinleye

10 technology trends to watch in Africa in 2015

Because connectivity defines modern prosperity, and because Africa will not be able to build roads fast enough to manage its growth, the continent will be the first to adopt cargo drones at massive scale.

Uche Orji, CEO, Nigeria Sovereign Investment Authority (NSIA)

Nigeria's sovereign wealth fund doesn't expect state to tap it for funds: Uche Orji, CEO, Nigeria Sovereign Investment Authority (NSIA)

The government of Nigeria is unlikely to make withdrawals from the sovereign wealth fund in Africa’s largest oil producer, even as the price of crude declines.

Jose Filomeno de Sousa dos Santos, Chairman of Fundo Soberano de Angola, Angola's sovereign wealth fund

Angola's $55B sovereign wealth fund seeks mine, timber, health & agriculture investments: Jose Filomeno de Sousa dos Santos, Chairman of Fundo Soberano de Angola

Angola’s $5 billion sovereign wealth fund is seeking investments in mining, timber, health and agriculture in order to diversify its asset base and increase returns.

Bidvest

South Africa's Bidvest makes $515M bid for rest of Adcock Ingram

South African conglomerate Bidvest has offered about $515 million for the shares it does not already own in drugmaker Adcock Ingram in a new attempt to build a big presence in the pharmaceutical market.

Runa Alam, CEO, Development Partners International (DPI)

Africa's opportunities far outweigh its risks: Runa Alam, Co-Founder & CEO, Development Partners International (DPI)

Runa Alam is something of a private equity pioneer. Alam co-founded Development Partners International, which she calls the first pan-African private equity firm, in 2007.

IBM Research Africa

IBM launches research lab in Johannesburg. 2nd research lab in Africa after Nairobi

IBM today announced plans to expand IBM Research – Africa with a new laboratory in Johannesburg beginning April 2015.

Ascent Africa Private Equity Fund

Ascent Africa private equity fund eyes $60 million by mid-2015

Private equity firm Ascent Capital wants to increase its east Africa fund to $60 million by mid-2015 from $50 million it has raised so far and plans to announce completion of its first investment in about two weeks, a partner said on Monday.

Bright Africa 2014 - A guide to equity investing on the continent - RisCura

Bright Africa 2014 - A guide to equity investing on the continent: RisCura (Report)

Research done on investor attitudes shows that African markets are expected to be a significantly greater recipient of global capital than they have been in the past, and that African fund managers, both listed and private, will have to comply with the expected global standards in order to benefit from this shift.

Africa, the next frontier in financial investing

Africa, the next frontier in financial investing: Homestrings

Helping businesses back home is a compelling case for investing in frontier markets, the term given to Africa as a pre-emerging economy.

Mulk Holdings

UAE's Mulk Holdings invests $40M in Nigerian shopping center

UAE-based conglomerate Mulk Holdings announced that it is investing up to $40 million in developing a duty free shopping centre in Lagos, Nigeria.

Africa's Richest 2014 Visualization

Africa's Richest 2014 (Visualization)

Visualization of Africa’s Richest 55. Data courtesy of Ventures Africa. Sort and filter by Net Worth (US $). Filter by Number of Jobs Created, Country of Citizenship, Industry, Age, and Gender.

Discovery office in Sandton City, South Africa

South Africa's Discovery to buy out Prudential's stake in U.K. venture Prudential Health

Discovery Ltd. (DSY), owner of South Africa’s largest medical-insurance administrator, agreed to buy the 25 percent of the U.K.’s Prudential Health it doesn’t already own for 155 million pounds ($246 million).