Finance

Leapfrog Investment extends its portfolio in Kenya’s pharmacy sector

Thursday, 10 January 2019 13:30
Leapfrog Investment extends its portfolio in Kenya’s pharmacy sector

(Ecofin Agency) - The green light seems to have been given since July 2018 but, it is through a release published fifteen days ago that Kenya Competition Authority revealed that Goodlife Pharmacy had been authorized to acquire some of the assets of Maghreb Pharmacy, a local competitor.

This is the second major acquisition from the group in which Leapfrog investment, a major investor, took the majority shareholding with a $21.6 million investment in 2016. Goodlife Pharmacy has thus been able to continue its expansion strategy thanks to which Leapfrog Investment extended its portfolio in the sector.

Let’s note that in Africa, Leapfrog investment is also present in the insurance and money transfer sectors.
Idriss Linge



 
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