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Lilly and EVA Pharma announce regulatory approval and release of locally manufactured insulin in Egypt

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EVA Pharma

This milestone stems from the companies’ collaboration to expand access to affordable insulin to one million people living with diabetes in low-to middle-income countries annually by 2030

CAIRO, Egypt, December 17, 2024/APO Group/ — 

The Egyptian Drug Authority approved the insulin glargine injection manufactured by EVA Pharma (www.EVAPharma.com) through a collaboration with Eli Lilly and Company (NYSE: LLY). Launched in 2022, the collaboration aims to deliver a sustainable supply of high-quality, affordable human and analog insulin to at least one million people annually living with type 1 and type 2 diabetes in low- to middle-income countries (LMICs), most of which are in Africa. 

This marks the first regulatory approval of EVA Pharma’s insulin drug products, following Lilly and EVA Pharma’s collaboration (https://apo-opa.co/41xlg6K) announcement in December 2022. Under this agreement, Lilly has been supplying its active pharmaceutical ingredient (API) for insulin to EVA Pharma at a significantly reduced price and providing pro-bono technology transfer to enable EVA Pharma to formulate, fill and finish insulin vials and cartridges.

Less than two years after the initial announcement, EVA Pharma has completed a new biologics manufacturing facility, finalized insulin formulations and stability testing processes, engaged with the local regulatory authorities to obtain approval of the insulin glargine injection, and released the first batch of the locally manufactured insulin drug product.

We will continue to work with global health systems and industry stakeholders to address systemic barriers to healthcare and expand equitable, affordable access to our medicines

Additionally, EVA Pharma’s human insulin injection was also submitted for local regulatory approval. Lilly and EVA Pharma continue working with the World Health Organization (WHO) to secure WHO pre-qualification for the locally manufactured human insulin injection. The WHO pre-qualification will further ensure that medicines manufactured by EVA Pharma meet the high-quality standards set by WHO.

“For more than a century, Lilly has been at the forefront of diabetes care, offering innovative solutions that make life better for people around the world,” said Ilya Yuffa, executive vice president and president of Lilly International. “Our collaboration with EVA Pharma furthers our commitment to providing sustainable and accessible medicines worldwide. We will continue to work with global health systems and industry stakeholders to address systemic barriers to healthcare and expand equitable, affordable access to our medicines to transform more people’s lives.”

“Localizing essential medicines is the key to driving equitable access to healthcare,” said Riad Armanious, CEO of EVA Pharma. “It takes bold collaboration, cutting-edge innovation, and tech-driven manufacturing to turn this vision into reality. Our collaboration with Lilly shows what’s possible when we push boundaries together. This is just the beginning—we’re on track to impact over a million lives annually across 56 countries, making a real difference for people living with diabetes.”

This collaboration is part of the Lilly 30×30 initiative, which aims to improve access to quality health care for 30 million people living in resource-limited settings annually by 2030.

Most recently, Lilly and EVA Pharma expanded their collaboration, announcing (https://apo-opa.co/3ZCUhUJ) that Lilly will license certain baricitinib manufacturing know-how to enable EVA Pharma to manufacture and supply treatment for various immunological diseases across 56 low- to middle-income countries in Africa.

Distributed by APO Group on behalf of EVA Pharma.

Business

Inaugural Tanzania Investment Forum to bring opportunities to the global capital market

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Tanzania

The Forum will bring together senior Tanzanian government ministers and officials, international investors, development finance institutions and business leaders to explore Tanzania’s expanding investment landscape and the opportunities emerging across its priority growth sectors

LONDON, United Kingdom, August 21, 2026/APO Group/ –The High Commission of the United Republic of Tanzania in the United Kingdom, and NMB Bank Plc, the Strategic Organising Partner of the Forum, today announced the Tanzania Investment Forum 2026, taking place in London on 8 October 2026, in partnership with Invest Africa (www.InvestAfrica.com).

 




  

We are honoured to announce that Hon. Dr Mwigulu Lameck Nchemba (MP), Prime Minister of the United Republic of Tanzania, will attend the Tanzania Investment Forum as Chief Guest and deliver the Government’s keynote address.

The Forum will bring together senior Tanzanian government ministers and officials, international investors, development finance institutions and business leaders to explore Tanzania’s expanding investment landscape and the opportunities emerging across its priority growth sectors.

As one of Africa’s fastest-growing economies, Tanzania continues to record GDP growth of between 5–7%, supported by economic reforms, political stability and the country’s ambitious Vision 2050 development agenda. Against this backdrop, the Tanzania Investment Forum will provide a platform for international investors to engage directly with Tanzanian policymakers and business leaders, gain insight into the country’s national investment priorities and identify opportunities for partnership and capital deployment.

The programme will explore Tanzania’s economic outlook and reform agenda, alongside the investment framework shaping the country’s next phase of growth. Discussions will focus on five priority sectors:

  • Critical Minerals and Mining
  • Energy and Renewable Energy
  • Infrastructure, Transport and Logistics
  • Agribusiness and Food Processing
  • Manufacturing and Industrial Development
  • ICT and the digital economy
  • Financial Services
  • Tourism

 

The Tanzania Investment Forum is a strategic platform to connect global investor interest with Tanzania’s priority sectors and accelerate capital deployment

Beyond high-level dialogue, the Forum will place a strong emphasis on converting investment interest into tangible opportunities. Targeted business-to-business and business-to-government meetings will connect investors with Tanzanian companies, government representatives and key decision-makers, supporting deal origination, partnership development and capital mobilisation.

H.E. Mbelwa Kairuki, High Commissioner of the United Republic of Tanzania to the United Kingdom, said:

“Tanzania is entering an important phase of its economic transformation, with strong fundamentals, a clear long-term development vision and significant opportunities across sectors that are critical to both our national development and the global economy. The Tanzania Investment Forum provides an important platform to showcase these opportunities directly to international investors and to deepen the partnerships needed to translate investment interest into lasting economic value. We look forward to welcoming Hon. Dr Mwigulu Lameck Nchemba (MP), the Prime Minister of the United Republic of Tanzania, and senior leaders to London as we strengthen Tanzania’s position as a destination for long-term, sustainable investment.”

Chantelé Carrington, CEO of Invest Africa, said:

“Tanzania has the scale, resources and economic momentum to play an increasingly important role in Africa’s next chapter of growth. The opportunity now is to connect the potential with the capital, expertise and partnerships required to deliver it. The Tanzania Investment Forum will bring investors into direct dialogue with the policymakers and businesses shaping the country’s investment landscape, creating a practical platform for identifying opportunities, building partnerships and moving from interest to investment. We are delighted to partner with the High Commission to bring this conversation to London and to support stronger commercial ties between Tanzania and the international investment community.”

 

 

Ruth Zaipuna, MD & CEO of NMB Bank, commented:

“Tanzania stands at an important inflection point for long-term capital, offering investable opportunities across infrastructure, energy, agribusiness, manufacturing, critical minerals and the digital economy. As East Africa’s Largest Listed Bank by market value, and Tanzania’s leading financial institution, NMB Bank is uniquely positioned to connect global capital with bankable opportunities that support the country’s growth agenda. Our scale, balance sheet strength, sector expertise and deep local relationships enable us to structure financial solutions, mobilise partnerships and help channel capital inflows into productive investments across Tanzania. The Tanzania Investment Forum is a strategic platform to connect global investor interest with Tanzania’s priority sectors and accelerate capital deployment. We are proud to co-organise the Forum with the High Commission of Tanzania in the UK and support, Tanzania’s ambition of strengthening global investment links and converting investor interest into sustainable economic value.

The Forum comes at a time of growing international interest in Tanzania’s role in Africa’s economic development, particularly across critical minerals, energy, infrastructure, food systems and industrialisation. By bringing together government, investors, DFIs and the private sector, the Forum aims to strengthen the connections between Tanzania’s national development priorities and global sources of capital and expertise.

The Tanzania Investment Forum 2026 will take place on 8 October 2026 in London, United Kingdom and is convened by the High Commission of the United Republic of Tanzania in the United Kingdom and delivered in partnership with Invest Africa.

Distributed by APO Group on behalf of Invest Africa.

 




 

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Energy

United States (US)-Africa Energy & Investment Forum at African Energy Week (AEW) 2026 to Advance Commercial Partnerships and Unlock Capital

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African Energy Chamber

The forum will focus on strengthening US-Africa energy partnerships, technology transfer and capital mobilization as American development finance expands across the continent

CAPE TOWN, South Africa, August 21, 2026/APO Group/ –The US-Africa Energy & Investment Forum at African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town, will convene senior government and industry leaders to examine how the United States and African energy producers can deepen commercial partnerships, unlock new capital flows and create a more competitive investment environment. The high-level discussion will focus on technology transfer, project financing and strategies for powering Africa’s next phase of growth while advancing global energy security.

 




  

The forum comes at a time of significant expansion in American development finance capacity on the continent. The U.S. International Development Finance Corporation (DFC), the government’s primary tool for catalyzing private investment in emerging markets, saw its investment cap raised from $60 billion to $205 billion following Congressional reauthorization in late 2025. Congress also created a $5 billion equity revolving fund to support higher-risk investments in markets with limited access to debt financing. Sub-Saharan Africa is the second-largest region in DFC’s global portfolio, with more than $10 billion in exposure, and the agency expanded its strategic scope in 2025 to include oil and gas infrastructure alongside critical minerals and clean energy.

The DFC is better resourced than it has ever been, making this an opportune moment for African operators to make their case

DFC CEO Ben Black has framed the continent as central to American economic strategy. Speaking at the Atlantic Council in April 2026, Black said the future of global growth and supply chains will run through Africa, citing the continent’s expanding workforce, consumer markets and reserves of critical minerals as drivers of long-term commercial opportunity. In February, the DFC board approved a new slate of strategic energy and mineral investments across Africa, and the agency partnered with U.S. investment firm Orion and Abu Dhabi-based ADQ to launch the $1.8 billion Orion Critical Mineral Consortium, with plans to scale the vehicle to $5 billion.

U.S. government-backed capital will find in Africa an energy economy with immense but lucrative investment gaps. Africa accounts for nearly a fifth of the world’s population yet generates just 4% of global electricity, and the IEA estimates that annual investment in electricity grids alone needs to triple to $40 billion per year by 2030.

Capital is also flowing into upstream oil and gas, LNG infrastructure, critical mineral extraction and refining capacity across the continent. The forum will examine how US commercial partnerships, development finance tools and technology transfer can help close these gaps and convert Africa’s resource base into bankable projects that serve both continental and global energy security.

“The DFC is better resourced than it has ever been, making this an opportune moment for African operators to make their case. This forum is about making sure the capital and the projects actually find each other,” says NJ Ayuk, Executive Chairman of the African Energy Chamber.

The US-Africa Energy & Investment Forum takes place as part of African Energy Week 2026, October 12–16 at the Cape Town International Convention Center

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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Venezuela Hydrocarbons Minister Opens Hydrocarbon Value Chain to Private Investment

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Venezuela

Venezuela’s Hydrocarbons Minister has said the country is opening its hydrocarbon value chain to private investment as reforms target efficiency, commercialization, supply chains and long-term production growth

HOUSTON, United States of America, August 21, 2026/APO Group/ –Venezuela is opening its hydrocarbon value chain to greater private investment as new regulations create opportunities spanning upstream development, field commercialization and petrochemicals, with the government seeking to attract capital across the sector and establish a more efficient, sustainable investment environment.

 




  

Speaking at the Venezuela Energy Week Industry Showcase in Houston on August 19, Minister of Hydrocarbons Paula Henao said the regulatory reforms have expanded opportunities for investors from upstream production through commercialization, while petrochemicals represent another significant area for development and production.

“We have just passed a new regulations reform that has given Venezuela opportunities for investment across the entire value chain from upstream to commercialization,” Minister Henao said, adding, “In the petrochemical sector, we have opportunities for development and production.”

The January reform and July implementing regulations have materially expanded private participation, allowing private companies to undertake primary activities through new contractual structures while giving minority partners in mixed enterprises greater operational responsibilities. The framework also introduces international arbitration and stronger economic-equilibrium protections.

We have just passed a new regulations reform that has given Venezuela opportunities for investment across the entire value chain from upstream to commercialization

Minister Henao said greater privatization would allow Venezuela to promote its fields to more prospective investors and improve commercialization, creating opportunities for companies seeking exposure to the country’s substantial underdeveloped resource base and its broader energy infrastructure requirements.

“With a stronger privatization of the sector, we have the opportunity to commercialize and promote our fields to more interested parties. This gives us a lot of advantages and maximizes our efficiency,” she said.

Venezuela is targeting a major production recovery from approximately 1.25 million barrels per day (bpd) toward a longer-term 3-million-bpd objective, requiring investment in mature-field rehabilitation, technology, oilfield services and production infrastructure.

Minister Henao stressed that this investment must extend beyond individual fields, with stronger supply chains needed to sustain production and improve project profitability. The government is therefore seeking capital across the broader ecosystem supporting upstream and downstream operations.

The Houston Showcase forms part of Venezuela’s international investment drive ahead of Venezuela Energy Week, organized by Energy Capital & Power, taking place in Caracas from February 22–25, 2027. The event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To sponsor and exhibit visit, https://apo-opa.co/4zwv1As

Distributed by APO Group on behalf of Energy Capital & Power.

 




 

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