NIGERIA – Helium Health, a health IT startup, has acquired Meddy, a Qatar- and UAE-based doctor booking platform, for an unknown sum. The purchase, according to Helium Health CEO Adegoke Olubusi, is unique in that it brings together two regions that rarely collide in technology: Africa and the Gulf Cooperation Council (GCC). “You don’t have a lot of people who…
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Qatar provides US$18m for the establishment of a kidney center in Ethiopian
ETHIOPIA – The Government of Qatar has signed agreement with the Ministry of Finance of Ethiopia to provide US$18 million for a kidney treatment center under construction in the capital, Addis Ababa. The grant agreement was signed between State Minister of Finance, Admasu Nebebe and Director-General of Qatar Fund for Development (QFFD), Khalifa bin Jassem Al-Kuwari, representing the Government of…
Read MoreQatar Petroleum acquires Yara’s 25% stake in QAFCO for US$1 billion
QATAR – Qatar Petroleum (QP) has signed an agreement with Yara international to acquire its 25 percent stake in Qatar Fertiliser Company (QAFCO) for $1 billion, a joint QP, Yara statement has revealed. The transaction will mark a end of a partnership that started with the establishment of QAFCO, a joint venture, in which Yara owned a 25% share with…
Read MoreEcuador to exit OPEC amid rising volatility in global oil market
GLOBAL – Ecuador one of the smallest oil producers has said that it would exit the Organisation of the Petroleum Exporting Countries (OPEC) in January next year. The Resources Ministry of the South American country said that the decision to leave was rooted in the issues and internal challenges that the country needed to bear for it to secure fiscal…
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