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Afreximbank partners with Med Aditus to boost local pharmaceutical production of essential medicines in Kenya

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2 years ago

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Afreximbank

Afreximbank’s intervention is part of its ‘Africa Health Security Investment Plan” to support the health product manufacturing ambition of the continent

KISUMU, Kenya, November 29, 2024/APO Group/ — 

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and Kenya-based Med Aditus Pharmaceutical Kenya Limited (Med Aditus) have signed a project preparation facility heads of terms agreement at the margins of the fourth edition of the African Sub-Sovereign Governments Network (AfSNET) Conference in Kisumu City, Kenya. The project preparation facility will be deployed to part-finance the preparation of feasibility studies towards the development of Med Aditus’ pharmaceutical manufacturing plant. 

Estimated to cost US$ 40 million, the plant will be situated on 10 acres of land in Kibos, Kisumu County, Kenya, and will boast an annual production capacity of two-billion tablets/capsules. The specialist plant will focus on the production of tablets and capsules to treat non-communicable diseases including cardiovascular cases, diabetes and cancer, as well as infectious diseases from HIV and malaria to tuberculosis, not to mention production of drugs targeting neglected tropical diseases. 

Designed as a state-of-the-art pharmaceutical manufacturing plant that will comply with Current Good Manufacturing Practice (cGMP), the plant will deploy continuous manufacturing technology integrated with blockchain-powered quality management system and pursue an innovative and cutting-edge approach to producing pharmaceutical products, marking a first-of-its-kind in Africa.  

The establishment of the pharmaceutical manufacturing facility is expected to strengthen and boost local production of essential medicines, improving access to more affordable and quality medicines across Kenya and neighbouring countries. This will help enhance resilience to supply chain disruptions and also reduce the proliferation of counterfeit and low-quality medicines. 

Afreximbank’s intervention is part of its ‘Africa Health Security Investment Plan” to support the health product manufacturing ambition of the continent. This initiative is pivotal in addressing Africa’s health investment challenges, promoting economic development, and strengthening health security across the continent. 

Afreximbank is committed to enhancing partnerships with local and international stakeholders to boost investment and support innovative technologies

His Excellency Professor Peter Anyang’ Nyong’o, Governor of the County of Kisumu and Mrs. Kanayo Awani, Executive Vice President Intra African Trade and Export Development witnessed the signing of the agreement during the 4th Africa Sub – Sovereign Network (AfSNET) conference in Kisumu. Mr. Zitto Alfayo, Head of Project Preparation at Afreximbank signed the agreement on behalf of the Bank while Dr. Dhiren Thakker, Chief Executive Officer of Med Aditus signed on behalf of his company.  

Commenting on the transaction, Mrs. Awani, welcomed the establishment of the Med Aditus Pharmaceuticals project and said: 

“The partnership with Med Aditus demonstrates Afreximbank’s close cooperation with public and private partners to accelerate development of innovative solutions for combating deadly diseases and scaling up healthcare financing and delivery. Afreximbank is committed to enhancing partnerships with local and international stakeholders to boost investment and support innovative technologies. The project’s strategic location in Kisumu, at the heart of the Great Lakes Region gives it access to markets in Kenya, Uganda, Tanzania, DR Congo, Rwanda, Burundi and South Sudan thereby promoting Intra-African trade within the AfCFTA context.” 

“I am particularly thrilled by the critical role the County Government of Kisumu played in support of this project by availing the project site and facilitating the partnership with the Great Lakes University of Kisumu to support local technical skills and capacities. This once again highlights the transformative roles sub-sovereign governments play as engines for broad-based economic development,” she added. 

Dr. Thakker, expressed enthusiasm about the agreement stating: “Med Aditus Group is excited to partner with Afreximbank to establish a first-of-its-kind pharmaceutical manufacturing enterprise in Kisumu, Kenya. , The plant will facilitate access to high-quality affordable medicines to the citizens of Kenya, East Africa, and the continent at large. Med Aditus Group’s commitment is to promote rapid growth of the local pharmaceutical manufacturing that will enhance healthcare outcomes of the people and stimulate economic development throughout the region.” 

“By leveraging continuous modular manufacturing technology alongside blockchain integration in manufacturing, distribution and supply chain logistics, and ultimately patient engagement, deployed for the first time in Africa, the continent will leapfrog into a leading producer and supplier of high-quality affordable medicines for its people and the global community,” he added.   

Med Aditus Pharmaceuticals Kenya Limited was established as a special purpose vehicle to design, develop, finance, operate and maintain the pharmaceutical plant on land secured through a concession agreement with the County Government of Kisumu. The estimated project cost of US$ 40 million includes US$ 26 million of debt financing and US$ 14 million of equity financing. 

The AfSNET Conference, organised by Afreximbank, in collaboration with the County Government of Kisumu and the United Cities and Local Governments of Africa from 25 to 27 November, sought to strengthen the role of Sub-Sovereign governments in driving intra-African trade and investment and the successful implementation of the African Continental Free Trade Agreement. The theme of the conference was, ‘Leveraging the AfCFTA for Sustainable Trade and Investment: A Development Pathway for African Sub-Sovereigns.’  The conference was officially opened by President William Ruto of Kenya in the presence of Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank and was attended by over 900 delegates from national and Sub-Sovereign governments across Africa.   

Distributed by APO Group on behalf of Afreximbank.

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AFRICLOUD Opens Lagos Region and Local-Currency Payments in African Markets

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9 hours ago

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September 23, 2026

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AFRICLOUD

The company’s third African region keeps Nigerian workloads in Nigeria, and customers from Abidjan to Nairobi can now pay in the currency they earn, without an international card

MIAMI BEACH, United States of America, September 23, 2026/APO Group/ –AFRICLOUD (https://AFRICLOUD.com), a cloud infrastructure company, has opened its third African region in Lagos and now accepts payment in local currency across West, Central, East and Southern Africa. Businesses across the continent can run servers in Nigeria, South Africa or Portugal from one account, and pay for them the way they already pay for everything else.

 




  

Download document (1): https://apo-opa.co/4Ardfz9

Download document (2): https://apo-opa.co/46FWH8Y

Buying cloud infrastructure in Africa has meant living with three compromises: traffic that leaves the continent and comes back, payment in dollars behind a card many businesses do not hold, and data sitting under somebody else’s law.

Lagos answers the first. Compute and storage for Nigerian customers stay in Nigeria, and the region also serves Accra, Abidjan, Lome, Douala and Ouagadougou. Traffic from landlocked West Africa that once reached comparable infrastructure by way of Europe now stays on terrestrial West African fibre. Johannesburg serves Southern and East Africa. Lisbon serves North Africa and Europe, and reaches Brazil over a direct subsea route. Across the three regions, AFRICLOUD’s own continent-wide measurements place 42 of the 53 African countries measured within a best-case round trip of 70 milliseconds, countries home to about 1.28 billion people.

A company in Accra or Abidjan now reaches West African infrastructure without leaving the region, and pays for it in the currency it earns

Payment answers the second. Customers across West, Central, East and Southern Africa pay in their own currency, including the naira, the cedi, the shilling and the CFA francs, by local card, bank transfer, USSD or mobile money, with no international card needed. Mobile money is live in twelve African countries, and cards, PayPal and more than 300 cryptocurrencies are accepted everywhere. The GSMA reports that 74 per cent of the world’s mobile money activity by transaction count took place in Africa in 2024.

Residency answers the third. Nigerian data runs under the Nigeria Data Protection Act, South African data under POPIA and European workloads under EU law, chosen server by server from the same dashboard.

“African businesses have been asked to choose between infrastructure that is close, infrastructure they can actually pay for, and infrastructure that keeps their data under their own law,” said Oluniyi Ajao, Founder of AFRICLOUD. “Removing that choice is the reason we built this.”

“Lagos is the piece that completes the map,” he said. “A company in Accra or Abidjan now reaches West African infrastructure without leaving the region, and pays for it in the currency it earns.”

All three regions run the same platform: AMD EPYC processors with all-NVMe storage, IPv4 and IPv6 on every server, and a new server online in about two minutes. Dedicated Servers are built to order in all three regions. Support is available around the clock by chat and email.

Cloud Servers are available now at https://AFRICLOUD.com.

Distributed by APO Group on behalf of AFRICLOUD LLC.

 

 




 

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Hong Kong outlines strategies for deepening development of the Guangdong-Hong Kong-Macao Greater Bay Area and enhancing green transformation

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13 hours ago

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September 23, 2026

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Hong Kong

HONG KONG SAR – Media OutReach Newswire – 22 September 2026 – Hong Kong’s Chief Executive John Lee announced the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (HKSAR) (2026-2030) and his fifth Policy Address on September 16, rolling out measures to further sharpen Hong Kong’s edge amid global competition, consolidate development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and promote green transformation.

Initiatives aim to support high-quality development of the GBA, align rules and mechanisms within the region, and promote cross-boundary collaboration.

 




 
 

“The HKSAR Government will continue its efforts in fostering synergistic development of the GBA,” said Mr Lee. “We will strengthen co‑operation in technological innovation, promote ‘hard connectivity’ in infrastructure, foster ‘soft connectivity’ by deepening the alignment of rules and mechanisms, and achieve ‘connectivity of hearts’ among residents of the three places.”

The HKSAR Government will continue to actively participate in the development of the various major co-operation platforms, including Qianhai of Shenzhen, Nansha of Guangzhou, Hengqin of Zhuhai and the Hetao Shenzhen-Hong Kong Co-operation Zone, to promote mutual benefits.

In terms of “hard connectivity” the HKSAR Government will support Nansha in its role as a high‑standard gateway for opening up, including encouraging the trade to participate in Nansha’s infrastructure development.

“To promote the co‑ordinated development of rail transit in Guangdong, Hong Kong and Macao, we are pressing ahead with the Northern Link Project and the Hong Kong‑Shenzhen Western Rail Link (Hung Shui Kiu‑Qianhai), with target commissioning in 2034 and 2035 respectively, to fully connect the rail transit networks of Hong Kong and Shenzhen,” Mr Lee said.

Regarding “soft connectivity”, Mr Lee said the HKSAR Government will set up a Task Force to explore ways to advance the alignment of rules and mechanisms within the GBA.

To achieve “Connectivity of Hearts” among residents across the GBA, Hong Kong will strengthen co-operation between its higher education institutions and those in other GBA cities by establishing cross‑disciplinary partnerships, facilitating scientific research, knowledge transfer, and commercialisation, with a view to promoting high‑level research.

Hong Kong’s Secretary for Constitutional and Mainland Affairs, Janice Tse, noted that the First Five-Year Plan clearly states that Hong Kong will participate in the development of the GBA into an international first‑class bay area and a world‑class city cluster with global influence.

“Hong Kong will forge closer alignment and synergy with the nine GBA cities in Guangdong Province and Macao, making full use of our respective advantages to jointly promote the high-quality development of the GBA,” Miss Tse said.

To foster financial development in the GBA, Hong Kong will continue to capitalise on institutional innovation, financial infrastructure upgrading and enhanced regulatory alignment to encourage the orderly flow of financial elements among GBA cities.

The Hong Kong Exchanges and Clearing Limited’s Core Climate, in collaboration with the Guangzhou Power Exchange Centre, is working towards the pilot trading of national renewable‑energy, green electricity certificates in Hong Kong in 2026.

“On connecting the Chinese Mainland and the world, the HKSAR Government will continue to support green technology development through the HK$400 million (aboutUS$51 million) Green Tech Fund, leveraging Hong Kong’s function as a springboard for green technology and assisting national green technologies and products in going global,” said Hong Kong’sSecretary for Environment and Ecology, Tse Chin-wan. “On the development of hydrogen energy, we have participated in drafting national hydrogen energy standards with a view to helping these standards align with international practice.”

To meet the country’s “dual carbon” targets and fulfil Hong Kong’s commitment to achieving carbon neutrality before 2050, the HKSAR Government steered the establishment of a production base for sustainable aviation fuel (SAF) in Dongguan, leveraging the leading position of Hong Kong enterprises in the international SAF industry.

“By combining technology strengths with industrial foundation, Hong Kong and Guangdong will jointly develop a globally influential green industry,” Mr Lee said.

The HKSAR Government will take forward the construction of an SAF blending facility in Hong Kong to build an end‑to‑end SAF value chain and reduce logistics costs to make SAF prices more competitive. The target is to achieve an SAF consumption ratio of 1% to 3% for flights departing from Hong Kong International Airport in 2030.

Hong Kong’s Five-Year Plan promotes the integrated development of culture, sports, and tourism, to develop the GBA into a cultured bay area.

Under the strategic framework of the Agreement on Strengthening of Sports Cooperation and Promotion of Integrated Development, Hong Kong will deepen co-operation, and strive to co‑organise important regional and international single‑sport events. It will also strengthen cultural exchanges, pass on Cantonese opera and the characteristics of Lingnan culture, and promote the sales and cross‑boundary exhibition of Hong Kong publications.
 




 

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Alamein Africa Forum to bring together key political and business leaders

Published

14 hours ago

on

September 23, 2026

By

Alamein

The forum is to become the continent’s premier gathering where political power meets entrepreneurial prowess, bridging the established engines of African growth with the new sectors defining its future

CAIRO, Egypt, September 22, 2026/APO Group/ –The inaugural Alamein Africa Forum (https://AlameinForum.com/) will take place from October 2-4 in the historic city of Alamein on Egypt’s Mediterranean coast in parallel with the 2026 African Union mid-year summit.

Established in response to a mandate from the African Union, which called for a permanent African Business Forum to convene biennially in Egypt, the inaugural edition will bring together Heads of State and official delegations as well as some key actors in business and finance.
 




 

The forum is to become the continent’s premier gathering where political power meets entrepreneurial prowess, bridging the established engines of African growth with the new sectors defining its future.

The Alamein Africa Forum will serve as a pan-African platform bringing together the private sector, investment and financial institutions

The Presidents of Algeria, Angola, Burundi, Chad, Equatorial Guinea, Ghana, Libya, Senegal, Somalia, and South Africa are expected in Alamein as well as President Al Sisi, President of the Arab Republic of Egypt who is the host of this year’s AU Mid-Year Summit. Business leaders from across the continent have confirmed their participation including Ralph Mupita, MTN; Idrissa Nassa, Coris Bank; Mohamed El Ketani, Attijariwafa Bank; Hichem Eloumi, Groupe Shakira; Wale Tinubu, Oando; and many more. Aliko Dangote, Africa’s biggest industrialist is also expected to attend, with the organisers hoping to set up a Business Advisory Council to help advance private sector priorities and investment throughout the continent.

Bringing together leaders in politics, business and policy from across the continent, the Alamein Africa Forum will provide a unique opportunity to shape Africa’s growth agenda by aligning policy and investment priorities, mobilising partnerships for implementation and strengthening financing and investment pathways. The private sector must become an integral part of Agenda 2063, the AU’s strategic 50 year masterplan to transform the continent.

Co-organised by the Government of Egypt, Afreximbank, the African Union and AUDA-NEPAD, the Forum brings together Africa’s most influential decision-makers in an unprecedented alliance of public and private sector leadership.

Speaking on the imperative of the summit at a joint press conference by the government of Egypt and Afreximbank on Thursday, September 17 2026, Dr. Badr Abdelatty, Minister of Foreign Affairs, International Cooperation, and Expatriates Abroad said (https://apo-opa.co/4ygiQag): “The Alamein Africa Forum will serve as a pan-African platform bringing together the private sector, investment and financial institutions, and representatives of various productive and service sectors, to strengthen direct links between companies and markets and decision making at the highest level.”

Continuing, he noted that the Alamein Africa Forum is part of a series of high-level African events that Egypt will host in early October, stressing that holding the forum reflects Egypt’s commitment to advancing continental economic cooperation

In his own comments, Dr. George Elombi, President and Chairman of the Board of Directors of Afreximbank described (https://apo-opa.co/4ygiQag) the Alamein Africa Forum as a pan-African platform for promoting intra-African trade and investment and connecting the business community and financial institutions with priority projects and investment opportunities in the continent.

Distributed by APO Group on behalf of Alamein Africa Forum.

 




 

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