Business News

Drugmaker GSK to invest $200 million in African factories, R&D

Drugmaker GlaxoSmithKline plans to invest up to 130 million pounds ($216 million) in Africa over the next five years as chronic diseases become more common among the continent’s swelling urban middle classes. The decision reflects the draw for the pharmaceutical industry of the region’s rapid economic growth and rising demand […]

Oando awaits consent of petroleum minister on ConocoPhillips’ asset acquisition

Oando Energy Resources Inc. (“Oando Energy Resources” or the “Company”) (TSX: OER), has announced that, further to its press releases dated December 20, 2012, September 16, 2013, November 28, 2013, January 31, 2014, and March 3, 2014, the outside date for completion of the proposed acquisition of the Nigerian Upstream […]

GSK to invest in new factories and drug R&D in Africa

GlaxoSmithKline plans to make new investments in additional factories and drug research in Africa, its chief executive said on Sunday, as the pharmaceuticals group broadens its bet on promising emerging markets. Andrew Witty said the continent was important for the British company’s long-term growth, adding that the investment would create […]