Ascent Capital Invests US$2.5 million in Medpharm Holdings Africa (Sub-Saharan Africa)

Source: Africa Assets

Private equity firm Ascent Capital has invested US$2.5 million in Ethiopia-based pharmaceutical company Medpharm Holdings Africa. The transaction was structured through Ascent Rift Valley Fund. Medpharm will use the investment to develop a pathology department, as well as to expand its presence throughout East Africa.