Abraaj Backs Ugandan Pharmacy Chain (Sub-Saharan Africa)

Source: The Abraaj Group

Emerging markets private equity firm The Abraaj Group has invested in Ugandan pharmacy retail chain Vine Pharmaceuticals through its US$105.4 million Africa Health Fund. Vine currently operates 21 stores, and Abraaj’s investment is intended to help Vine gain a larger share of the Ugandan market. Financial details of the transaction were not disclosed.