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Nairaland Forum / Nairaland / General / Business / GSK Quits Kenya 4 Months After Nigeria Exit (771 Views)
Real Reason GSK Left Nigeria After 51 Years / GSK Quits Kenya 4 Months After Nigeria Exit / GSK Quits Kenya, Following Nigeria’s Exit After 4 Months (2) (3) (4)
GSK Quits Kenya 4 Months After Nigeria Exit by trutharena: 6:07pm On Dec 12, 2023 |
GlaxoSmithKline (GSK), a British pharmaceutical multinational, has quit Kenya four months after its market-shaking exit from Africa’s largest economy, Nigeria. In what appears to be a global restructuring of its business model, the company which produces prescription drugs and vaccines is set to adopt a distributor-led model to supply the country, a similar approach adopted in Nigeria in August. GSK hinted that the operation at Nairobi’s Industrial area plant will remain open under GSK’s stand-alone affiliate, Haleon. According to a local news outlet in Kenya, this consumer healthcare venture deals in products like Sensodyne and Panadol. GSK in July spun off the consumer healthcare business and listed it separately as Haleon in shake-up to focus on the lucrative prescription drugs and vaccines business, which has brands like Augmentin, Zentel and Ventolin. “The production facility in Kenya is a Haleon facility, and is not the subject of the update that GSK gave in Kenya this week,” GSK said. Read also GSK’s industrial exodus: Effects, lessons and solutions “We announced that for our GSK business, we would move to a direct distribution model. This means that instead of having a GSK commercial operation in the country we will supply our medicines and vaccines through a third party.” The exit of GSK comes as the firm races to overhaul its global business in shifts that led to the spin-off the consumer health unit. Source: https://businessday.ng/news/article/gsk-quits-kenya-4-months-after-nigerias-exit 1 Like
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Re: GSK Quits Kenya 4 Months After Nigeria Exit by trutharena: 6:07pm On Dec 12, 2023 |
Nigerian "Incompetent" politicians strike again! Pushes GSK out of Kenya. Elections have consequences. 2 Likes 1 Share |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by Ballmer: 6:09pm On Dec 12, 2023 |
Obidient foolish Ipob will claim na Tinubu affect to close on Kenya |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by Kukutente23: 6:13pm On Dec 12, 2023 |
Zombies are rejoicing They are always happy to hear bad news about other countries as if that makes their miseries any better I never knew Nigeria was aspiring to be like Kenya 3 Likes 2 Shares |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by thesicilian: 6:16pm On Dec 12, 2023 |
They'll still blame Tinubu for this |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by trutharena: 6:43pm On Dec 12, 2023 |
Kukutente23:You are the zombie. When GSK left Nigeria, una cry to heaven say na Tinubu pursue them. Now they are leaving Kenya, should we also blame Tinubu? 1 Like 1 Share |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by adamusuleiman1: 6:45pm On Dec 12, 2023 |
IPOB and Obidients would soon blame Tinubu for the closure as well. The review of the Kenya operations comes nearly five years after the pharmaceutical giant announced it was cutting back operations in Africa. In what appears to be a global restructuring of its business model, the company which produces prescription drugs and vaccines is set to adopt a distributor-led model to supply the country, a similar approach adopted in Nigeria in August. GlaxoSmithKline (GSK), a British pharmaceutical multinational, has quit Kenya four months after its market-shaking exit from Africa’s largest economy, Nigeria. 1 Like 1 Share |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by abdeefggh: 6:50pm On Dec 12, 2023 |
May God help them |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by Pakute: 6:56pm On Dec 12, 2023 |
According to headless Mobs, Kenya is finished, investors are running away because their economy is dead. Make Pand¤ra Obi come open e gutter mouth dey talk say GSK commot Kenya becos of perceived negative growth. Agulu wailers. |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by Kukutente23: 6:59pm On Dec 12, 2023 |
trutharena:Don't be daft pls They left Nigeria due to unfavorable business climate just as they just left Kenya. Nigerians should blame Tinubu for them leaving While Kenyans should blame Ruto One does not absolve the other for any sane mind Bad leadership is bad leadership |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by Ashez: 7:00pm On Dec 12, 2023 |
Watch agbadorians rejoice that not only naija dey complain Watch them justify their slave masters with this news, and spill thrash with saliva gushing from their mouth... |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by Pakute: 7:02pm On Dec 12, 2023 |
Kukutente23:Why you no dey drop tears for Kenya?. |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by trutharena: 7:02pm On Dec 12, 2023 |
Kukutente23: Illiterate read why they left. It was because of their own restructuring. In what appears to be a global restructuring of its business model, the company which produces prescription drugs and vaccines is set to adopt a distributor-led model to supply the country, a similar approach adopted in Nigeria in August. |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by Kukutente23: 7:03pm On Dec 12, 2023 |
Pakute:Do you do zombie work for Kenyan govt? |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by Splashme: 7:04pm On Dec 12, 2023 |
I can see mumu supporters of that Aso Rock thief suddenly finding their voice. To them, if GSK is leaving a smaller economy like Kenya with a population of barely 50m it then justifies GSK leaving the largest economy in Africa with a population of over 200m. Some Agbado supporters are born foolish, I swear . |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by Kukutente23: 7:04pm On Dec 12, 2023 |
trutharena:You're the illiterate. The are adopting that model in regions where their market does not support full roll out and manufacturing. It's a question of cost benefit. |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by trutharena: 7:13pm On Dec 12, 2023 |
Kukutente23: They’ve started this since 2018. Their business model got restructured. Twitter left Ghana when Elon Musk took over, was that because of cost benefit too? Why then are you people blaming Tinubu? 1 Like
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Re: GSK Quits Kenya 4 Months After Nigeria Exit by Pakute: 7:13pm On Dec 12, 2023 |
Kukutente23:Only emptyheaded buffons would blame the leadership of a country for a decision of a company to restructure into distribution model. A model that's driven by dollar profits. |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by raumdeuter: 7:14pm On Dec 12, 2023 |
Let Obi come and tell us if they voted APC in kenya too |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by JAMO84: 7:14pm On Dec 12, 2023 |
Peter Obi will soon hold a local press conference, to tell his cockroach brain followers how Tinubu is killing consumption to production in far away Kenya. Ndi Ala |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by Kukutente23: 7:48pm On Dec 12, 2023 |
trutharena:I guess you're still not grabbing The business model is for countries where their market returns have plummeted in real terms. The low purchasing power of consumers coupled with high cost of production and weak currency is making them reconsider the benefits of having boots on ground. The attendant loss of jobs and revenue is not good for concerned countries. On the other side, twitter ignored Nigeria and went to Ghana initially remember? |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by Kukutente23: 7:49pm On Dec 12, 2023 |
Pakute:Only nitwits with dementia will not realise fall in dollar profits is a sign of weak currency and depreciation in purchasing power. I guess those two indicators have nothing to do with leadership of a country concerned. |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by Ozommadu: 7:55pm On Dec 12, 2023 |
trutharena: Are you not ashamed of yourself?? Go compare Nigeria with Kenya nau...since you Apc cr!m!nals have reduced this country to zero |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by trutharena: 7:56pm On Dec 12, 2023 |
Kukutente23: Let me ask you one quick yes or no answer. Did GSK leave Nigeria because of Tinubu regime? Yes or No? 1 Like |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by trutharena: 7:57pm On Dec 12, 2023 |
Ozommadu: Ha I thought Kenya is better than Nigeria. Don’t you guy say Nigeria is the worst country in the world? So why won’t we celebrate when we are being compared to almighty Kenya? 1 Like |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by Ozommadu: 8:17pm On Dec 12, 2023 |
trutharena: And you just did that, celebrated. Now clap for yourself |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by Kukutente23: 9:22pm On Dec 12, 2023 |
trutharena:Yes |
Re: GSK Quits Kenya 4 Months After Nigeria Exit by michlins(m): 9:30pm On Dec 12, 2023 |
Watch as some people will celebrate this and use it as excuse for the economic situation in Nigeria. And you begin to wonder what happened to their ability to reason. It's like Igbo people celebrating insecurity because NE also has Boko Haram |
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