Friday, July 25, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Africa

mPharma Buys Halton, Kenya’s Second Largest Pharmacy Chain

Tech Gist Africa by Tech Gist Africa
04/03/2019
in Africa, Africa News, News
0 0
0
mPharma Buys Halton, Kenya’s Second Largest Pharmacy Chain

Photocredit: qz.com

0
SHARES
Share on FacebookShare on Twitter

mPharma, the six-year old Ghanaian startup that manages prescription drug inventory for pharmacies is buying Kenya’s second largest pharmacy chain, Haltons. This transaction means that mPharma will control the 20 Halton stores split between Nairobi and Mombasa. It is currently working on completing a $12 million Series B fund round led by 4DX, Accra/San Francisco and Nairobi-based Novastar venture capital firms.

Although the deal is still subject to regulatory approval, it confirmed $9.7 million and the full round is expected to be completed in a couple of weeks with other investors.  The investors include Unbound Ventures, the VC arm of India’s Bharti Mittal Family office; early Facebook investor Jim Breyer; and former Novartis CEO Daniel Vasella who joined mPharma’s board. The startup raised $6.6 million in Nov 2017 after a seed round of $5 million in 2015.


See also: Uber to Acquire Careem in $3.1 Billion Deal


mPharma was founded by Greg Rockson to significantly improve the efficiency of pharmaceutical supply chains by making prescription drugs in emerging markets easily accessible, and easily affordable. Its proprietary Vendor Management Inventory (VMI) system is already being used in over 250 pharmacies in Ghana, Nigeria, Zambia, and Zimbabwe.

Rockson said the unusual deal came about as part of conversations to market its VMI platform to the chain but realized there was an opportunity to prove just how much the efficiencies of managing both front end and back end could help African pharmacies drive down inventory.

“Through our QualityRx service, we’re starting to invest in improving the customer experience and pricing that patients get from pharmacies,” says Rockson. “Haltons will serve as testing ground for us to develop patient-centered services we can provide to our franchise pharmacies. This way we can encourage lower margins and pass the savings on to the customers.”

The startup is taking control of Haltons from Fanisi Capital, a Mauritius-based private equity firm, but senior management at Haltons will retain a stake in the business.

Mary Ngige, Haltons’ Managing Director, said the attraction to the deal was about improving efficiency within the pharmacy’s supply chain using better inventory management software which ultimately aligned with Halton’s own mission to improve drug accessibility and affordability. “This is a volume business and their technology will help us fine-tune our model and improve competitively.

In the near term, mPharma’s team is focused on expanding its VMI and QualityRx platforms to over 14,000 community pharmacies in Ghana, Nigeria, and Kenya. In the longer term, Rockson is considering working with African governments to help improve drug availability through better-centralized systems.

 

More on TechGist Africa:

  • Fintech Platform, OneFi Acquires Amplify
  • Kenya’s BRCK Acquires Surf; Becomes One of Africa’s Biggest Wifi Network Provider
  • Spotify Plans Big, Acquires Gimlet and Anchor
  • Konga, Nigeria’s E-commerce Joins Intel Retail Accelerators Program
  • STOA Energy Invests In South Africa’s Metro Fibre Networx
ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a leading online technology and digital media outlet, dedicated to providing latest tech news, product launch, startup news across Africa and sharing simple social media and digital marketing tips for startups, entrepreneurs and business owners.

Related Posts

telecommunications
Mobile networks

Cameroon Fines MTN and Orange $4.6 Million for Poor Service Delivery

by Tech Gist Africa
07/11/2025
0

Cameroon’s telecom regulator has issued fines totaling approximately 2.6 billion CFA francs (around US $4.6 million) to MTN Cameroon and Orange...

Read more
Cerebrium South Africa

Cerebrium, a South African AI startup raises $8.5 million seed funding

07/11/2025
Aria Ventures Egypt

Aria Ventures Launches $1 Million Fund to Boost Deep‑Tech Investment in Egypt

07/10/2025
BuuPass QuickBus Kenya

BuuPass, a Kenyan mobility startup has secured strategic funding from Yango Ventures

07/10/2025
Complete Farmer Ghana

Complete Farmer, a Ghana-based agritech company Raises $2.5 Million

07/09/2025
Next Post
South Africa Launches $95m Fund to Grow Small Businesses

South Africa Launches $95m Fund to Grow Small Businesses

Absa, Pivotal Software to Hold SpringOne Tour in South Africa

Absa, Pivotal Software to Hold SpringOne Tour in South Africa

African Development Bank

AfDB Approves €12.5 million Investment, Targeting SMEs in Francophone West Africa

No Result
View All Result

The Big 5

Africa Tech

Tech Diplomacy: How Africa is Leveraging Technology for International Relations and Development

by Tech Gist Africa
07/21/2025
0

...

Media and Entertainment

How African Technology is Changing the Face of Media, Entertainment, and Digital Content

by Tech Gist Africa
07/14/2025
0

...

Ecobank

Ecobank, Google Partner to Boost Financial Inclusion and Innovation Across Africa

by Tech Gist Africa
07/08/2025
0

...

AWIEF

AWIEF 2025 Awards Nominations Now Open to Celebrate Africa’s Top Women Entrepreneurs

by Tech Gist Africa
07/08/2025
0

...

Google for Startups Accelerator Africa

15 African AI startups Selected for Google for Startups Accelerator Africa

by Tech Gist Africa
07/08/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.