Asia Covid19 

Glenmark launches COVID-19 drug after DCGI nod

Glenmark Pharmaceuticals on Saturday said it has launched antiviral drug Favipiravir, under the brand name FabiFlu, for the treatment of patients with mild to moderate COVID-19. The Mumbai-based drug firm had on Friday received manufacturing and marketing approval from the Drugs Controller General of India (DCGI). FabiFlu is the first oral Favipiravir-approved medication for the treatment of COVID-19, the company said in a statement. “This approval comes at a time when cases in India are spiralling like never before, putting a tremendous pressure on our healthcare system,” Glenmark Pharmaceuticals Chairman…

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Covid19 Europe 

Italy, Germany, France & Netherlands sign deal for up to 400 million Oxford Covid-19 vaccines – Italian health minister

Under the agreement, British-Swedish pharmaceutical giant AstraZeneca will produce up to 400 million doses of the vaccine, which is enough for “the whole population of Europe,” Roberto Speranza wrote on Facebook. The minister said that trials for the vaccine, which was developed by Oxford University, are set to be completed this fall, and the first doses will be available by the end of the year. “The vaccine is the only definitive solution to Covid-19,” he wrote. AstraZeneca has a deal with the US government to supply the country with 300…

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Africa Covid19 Energy Oil and Gas StockMarket 

Shares of Sasol Surge as South Africa Eases Lock down Restrictions

South Africa’s response to the coronavirus pandemic and international demand for petroleum products has actually struck Sasol’s company hard. A little over a month earlier, it revealed it was suspending operations at its Natref petroleum center and was lowering the production of synthetic fuel (a gasoline-like product produced from coal by 25%. These moves all came at a time when the company was dealing with an extraordinarily high debt load. Today, though, the South African federal government revealed it was relocating to what it calls level 3 of its lockdown…

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African Business News Retail 

ANNE JUUKO: Empowering Uganda’s SME’s – The engine for growth

KAMPALA — Amongst all the sectors in Uganda, the Small and Medium Enterprise (SME) sector remains the engine of growth for economic development, innovation and wealth creation. In recent reports by the Uganda Investment Authority, SMEs are spread across all sectors with 49% in the service sector, 33% in the commerce and trade, 10% in manufacturing and 8% in other fields. An amazing fact is that over 2.5 million people are employed by SMEs in Uganda. They account for approximately 90% of the entire private sector, generating over 80% of…

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Africa African Business News Covid19 Healthcare Manufacturing 

This is what Umeme is doing, to keep Uganda, especially our healthcare and manufacturing facilities switched on and running

 In the last couple of days, there has actually been some considerable easing, by federal government, of some of the lockdown steps that have so far, protected Uganda from the raving Covid-19. As many Ugandans start to go back to work, they will more than happy to find whatever running and the lights on, much like at their respective homes. Behind all this has actually been the 1,625 guys and women at Umeme; Uganda’s biggest power supplier, interacting in partnership with the generation and transmission partners, to keep Uganda, specifically…

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