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)
Trade between African and GCC countries stands at $ 121 billion in 2023, double of what it was in 2016.…
Family members struggling after one week after of Cyclone Chido ripped through the French island territory of Mayotte expressed helplessness…
The United Arab Emirates has launched its orphanage project in Ethiopia's Oromia region on the orders of President Sheikh Mohamed…
In just four months, 100 women have been killed, the majority by males they knew including spouses. Prime Cabinet Secretary…
The Ghanaian entertainment industry is in deep mourning following the sudden death of Bright Owusu, better known as C Confion.…
Since the beginning of December more than five hundred people have lost their lives on the nation's highways. Barbara Creecy,…
This website uses cookies.