By ANNIE NJANJAMore by this AuthorGhanaian prescription drugs company mPharma is set to take over Kenyan pharmacy chain Haltons in a transaction estimated to be worth about Sh500 million ($5 million). Founded six years ago by Ghanaian entrepreneur Greg Rockson, mPharma describes itself as a prescription drugs inventory manager. Kenyan-based investment fund, Fanisi Capital, holds a majority stake in Haltons Pharmacy following a Sh300 million ($3 million) investment in the business in 2013. The pharmacy chain was originally founded by Louis Machogu. It raised $6.6 million in 2017 in addition to a seed round of Sh500 million ($5 million) in 2015.

Source: Daily Nation March 29, 2019 08:47 UTC