mPharma, a Ghanaian health tech startup that manages prescription drug inventory for pharmacies and their suppliers, has expanded into Ethiopia.
Daniel Shoukimas, Gregory Rockson, and James Finucane founded the company in 2013. It serves hospitals, pharmacies, and patients with vendor-managed inventory, retail pharmacy operations, and market intelligence.
Ghanaian health tech startup, which has offices in Ghana, Kenya, Nigeria, Rwanda, and Zambia, aims to improve access to these medications at a lower cost while maintaining quality.
Through its subsidiary, Haltons Limited, the company signed a franchise agreement with Belayab Pharmaceuticals.
Belayab Pharmaceuticals is a subsidiary of the Belayab Group, an Ethiopian conglomerate that also operates as an official franchisee for Pizza Hut and Kia Motors.
Also, Rockson disclosed that the company will open two pharmacies in Addis Ababa later this year.
Each pharmacy will offer a Mutti consumer loyalty membership program, which will provide discounts and financing options for medication access.
This franchising is part of mPharma’s growth strategy of assisting businesses interested in entering the pharmacy retail sector.
The goal is to provide a “pharmacy-in-a-box” solution where mPharma takes care of all infrastructure and the pharmacy only has to worry about the customer.
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