DFC follows Novastar and CDC in backing mPharma
The US agency wrote out a $4.5 million cheque for the Ghanaian startup, which had been part of a Microsoft accelerator program.
08/03/2021 at 15h11, by Africa Business+
mPharma, the medicine supply-chain logistics solution, continues to attract direct foreign investment (DFI) on the continent. The most recent is the USA Development Finance Corporation (DFC), which signed off on a $4.5 million deal with the West African company. The funds will be used to boost the capital of the entity launched in 2013 in Ghana and which is now expanding into three other African markets: Kenya, Nigeria and Zambia.
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