EBRD partners Attijari bank Tunisia to support local pharmaceutical sector

TUNISIA – The European Bank for Reconstruction and Development (EBRD) has partnered with Attijari bank Tunisia to facilitate access to finance for Tunisian Laboratoires Teriak S.A. The collaboration underscores the EBRD and Attijari bank Tunisia’s commitment to supporting Tunisian companies through the partnership they established in 2020. It also reaffirms the importance of companies to Attijari bank Tunisia’s development strategy.…

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IFC partners with pharmaceutical producer, Rameda to green its operations in Egypt

EGYPT – The International Finance Corporation (IFC), a member of the World Bank Group, has partnered with Egyptian pharmaceutical producer, Rameda to support the company’s strategy to green its operations Through the partnership, IFC will help Rameda adopt solutions that reduce its carbon, and water footprints, and improve efficiencies in materials and resource usage. As a growth-focused enterprise that produces…

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mPharma and TytoCare expand partnership to introduce telehealth to pharmacies

GHANA – Ghanaian healthtech company mPharma has strategically partnered with global healthcare giant TytoCare to enable pharmacies to provide patients with enhanced remote care through in-depth physical examinations. TytoCare is a telehealth company using Artificial Intelligence to transform primary care by putting health in the hands of consumers through seamlessly connecting people to clinicians to provide the best virtual home…

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Affirma Capital, StonePine invest US$20M for a minority stake in Egypt’s Nerhadou

EGYPT – Affirma Capital and StonePine ACE Partners Limited have entered an agreement to jointly invest US$20 million for a significant minority stake in Nerhadou International for Pharmaceuticals and Nutraceuticals. Nerhadou is one of the largest and fastest-growing nutraceuticals and pharmaceutical players and the first to introduce the oral dispersible film (ODF) technology in Egypt. The transaction closing is pending…

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Kenyan e-pharmacy platform MYDAWA receives US$1.2 million funding in fight against HIV & AIDS

KENYA – MYDAWA, an e-pharmacy platform in Kenya, has been awarded a grant of US$1.2 Million from the Bill & Melinda Gates Foundation. This grant is aimed at increasing access to PrEP (Pre-Exposure Prophylaxis) services through MYDAWA’s award winning e-pharmacy model, supporting the fight against HIV& AIDS in Kenya. Approximately 38 million people around the world are living with HIV…

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Amethis acquires minority stake in pharmaceutical distributor Avacare

SOUTH AFRICA – Amethis, an Africa-focussed investment fund manager has acquired a minority stake in Avacare, a key regional distributor and manufacturer of both pharmaceuticals and healthcare consumable products across South Africa. The fund manager focused on the African continent will support Avacare in its project to strengthen its pharmaceutical products. Avacare is a pan-African distributor and manufacturer operating across several African…

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Haltons pharmacy enters Ethiopian market

ETHIOPIA – Haltons pharmacy, a retail pharmacy chain dispensing prescription and non-prescription pharmaceutical products has opened a branch in Addis Ababa, becoming the latest Kenyan entity to make entry into the neighboring country. Haltons is a subsidiary of mPharma, a patient-centered and technology-driven healthcare company. The pharma retailer has 27 stores across Kenya. The Ethiopian store is located at Sarbet,…

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Health tech startup Field Intelligence expands in Kenya

KENYA – Field Intelligence, a Nigerian-based health tech startup that is digitizing the supply chain and transforming access to essential, life-saving medicine, has expanded to Eldoret, Mombasa, Kisumu and Naivasha in Kenya with its revolutionizing pharmaceutical platform-Shelf Life. This expansion adds to Field Intelligence’s existing 700 plus pharmacy membership, which has so far provided drugs to over 1.4 million patients.…

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International financiers inject US$700.5m into Aspen to bolster its operations amid Covid-19 vaccine drive

SOUTH AFRICA – Aspen Pharmacare has secured a US$700.5 million financing package led by International Finance Institution (IFC),  to support the pharmaceutical firm’s operations, including the production of vaccines. Joining the largest healthcare investment and mobilization globally to date were French development institution Proparco, German development finance corporation DEG and the US International Development Finance Corporation. The World Bank’s private…

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Ascendis Health to offload 49% stake in pharmaceutical company Farmalider as it recapitalizes

SOUTH AFRICA – Health and wellness company Ascendis Health will sell its 49 percent stake in Farmalider to MMC International Health Holding for US$6 million as part of its plan to recapitalize the local group, a statement from the company has said. The Farmalider interest was to have been part of a group of disposals, but creditors had instead consented…

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