Tag: Morocco

Morocco among African countries to reach global immunization target

Frank

MOROCCO – Morocco is among the African countries that have already reached the global immunization target set in May by the World Health Assembly of vaccinating 10% of the most vulnerable groups against COVID-19 by the end of September, the WHO regional office for Africa said. “Nine African countries, including South Africa, Morocco, and Tunisia, have already reached the global immunization target set in May by the World Health Assembly, the highest decision-making body of the WHO. At the current rate, three other African countries are on track to meet…

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Helios partners Abderraouf Sordo to create the largest MedTech distribution group in Africa

Frank

MOROCCO – Helios Investment Partners, leader in private equity in Africa with more than US$3.6 billion in assets under management, has reached an agreement to acquire a majority stake in the largest Moroccan group in the MedTech sector. “We are extremely excited about the next step in our development alongside Helios, leader in private equity in Africa,” Abderraouf Sordo, Founder and CEO of the Group, said. This partnership will play a central role in helping the group to realize their growth strategy, improve service delivery while consolidating their leadership position…

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Recipharm lays US$ 500 million plan for production of Moroccan vaccines

Frank

MORROCO – With the COVID-19 pandemic flagging weaknesses in the world’s pharma supply chain, contract manufacturer Recipharm is stepping up to help in Africa. King Mohammed VI has presided over a ceremony, during which he signed deals that now allow Morocco to manufacture Covid-19 vaccines and other serums. Morocco was among the world’s pioneers in vaccinating its population against Covid-19 and is now eager to start producing its own vaccines. “This project will allow us to produce the Covid vaccine, as well as other key vaccines, in our own country…

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5.69 million and counting, Africa’s Covid-19 situation in a nutshell

Frank

AFRICA – A total of 5,693,566 Covid-19 cases have been reported in Africa so far. The continent, which is currently at the peak of the third wave of infections, has reported 146,175 deaths and 4,906,990 recoveries. At least ten countries in Africa have attained a threshold of over 100,000 cases. These include; South Africa, the most affected country I the continent having reported 2,075,409 cases, 1,827,821 recoveries and 62,171 deaths. South Africa is followed closely by Morocco and Tunisia which have recorded 534,797cases and 9,329 deaths, 447,161                cases and 15,482…

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Orange targets Africa E-health as it partners with Axa Assurance to buy DabaDoc

Frank

MOROCCO – Orange has teamed up with Axa Assurance in Morocco to acquire a majority stake in health-technology company DabaDoc, as part of the group’s long-term goal to establish itself as a multi-service digital operator in Africa and the Middle East. The financial terms of the transaction have not been disclosed. Orange Africa and Middle East and Axa Assurance Maroc will jointly acquire the stake, with the pair running DabaDoc alongside its founders. DabaDoc, which was set up in 2014, is an online platform offering access to healthcare services in…

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Medical textiles company Lamatem secures US$7m loan from EBRD and EU

Frank

MOROCCO – Lamatem, a Moroccan producer of high-‎end ‎medical garments, has secured €6 million loan (US$7.05m) from The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) to help the company increase its exports to European markets. The investment will help Lamatem to increase its supply of medical protective equipment and to offer a more diverse range of products, through the use of a state-of-the-art sterilisation machine, to local and European medical suppliers. Lamatem will also diversify its energy supply and boost the use of renewables, with the…

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