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mPharma is also present in Gabon where it has a contract with the government to build a drug supply chain infrastructure. A few months ago it acquired a 55% stake in Uganda’s Vine Pharmacy , which was previously held by the Abraaj Group. ’s development arm CDC Group, Breyer Capital and Golden Palm Investments.
mPharma disclosed to TechCrunch that it has acquired a 55 percent stake previously held by the Abraaj Group, a private equity firm that collapsed after investors, including the Bill and Melinda Gates Foundation, sounded an alarm over the administration of its $1 billion healthcare fund. s development finance institution, last year.
The Togo- and Singapore-based company received investment from AAIC, Thunes (TransferTo), Momentum Ventures (SMRT), Innoport Ventures (Schulte Group), CMC Ventures (National Express) and Liil Ventures (Mobility ADO). It follows the $7 million raised in previous seed rounds via three tranches from investors such as U.S. Image Credits: Gozem.
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