Last updated on September 11th, 2021 at 02:46 pm
Ghanaian startup mPharma, which manages prescription drug inventory for pharmacies and their suppliers, has raised $17 million in its latest funding round and announced the appointment to its board of Helena Foulkes, former president of CVS, the largest pharmacy retail chain in the United States.
The Accra-based company, founded by chief executive Greg Rockson seven years ago, has received the funding from CDC Group, the UK’s development finance arm, alongside several of its previous investors including Dr. Daniel Vasella, ex-chief executive of Novartis, Silicon Valley investor Jim Breyer and Dompe Holdings, the family office of the Italian pharmaceutical giant.
Rockson described the round as “opportunistic” as the company was keen for the chance to work with a development finance institution with deep roots in Africa like CDC. He says mPharma’s work sees it increasingly interacting with government agencies on the continent. “Bringing a DFI with extensive government contacts across Africa would improve our appeal and help strengthen our corporate governance because of the ESG [environmental, social and governance] rules under which they operate.”
(Africabusinesscentral)
Netflix has made a decision that won’t be acquired from 1 November 2023 onwards for the free subscription that Kenyan…
Declared a major budget cut of 177 billion shillings to close the budgetary gap resulting from the withdrawal of a…
The GOtv service is owned by Multichoice, the same people who own DSTV. Currently it is available in Nigeria, Malawi,…
Sign up your NIN with Airtel in a jiffy! Our step-by-step instructions for linking your NIN to your Airtel SIM…
Recently ended in Brussels, the sixth EU-UAE Structural Dialogue on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) This…
Advances in technology have changed the way public services are delivered. Many services are now available online. National Identity Management…
This website uses cookies.