Written by Williams ABAH

NGO raises $3.6m for Africa healthcare supply chain

A non -governmental organisation, Field Intelligence, FI, has raised $3.6m equity to transform healthcare supply chain in Africa.

The amount was launched in Abuja. According to them, the money was raised in partnership with Blue Haven Initiative.

The head of growth department in FI, Peter Bunor, said the annual pharmaceutical market in Africa had been valued at over $60bn.

Bunor stated that for 80 per cent of people in Africa, their community pharmacy was the frontline of the health system.

He described as sad the fact that many pharmacies were routinely out of essential medicines, incurred significant losses to expiration of drugs and struggle with substandard and falsified drugs.

He said FI’s shelf life‘ Pay-as -you-sell’ subscription service for pharmaceutical products had grown rapidly since first debuting in Nigeria in mid-2017.

In his words, "the new investment will fund shelf life’s expansion throughout Nigeria and Kenya, as well as the development of additional services for Shelf Life clients and their patients”.



Latest posts

PhotoRevenue shortfall: powerful people frustrating AMAC- Candido


The Chairman of Abuja Municipal Area Council, Hon. Abdullahi Candido, has raised an alarm that some powerful people are frust [...]

04 June 2020

PhotoRape: We demand proactive criminal justice, stringent punishment, honest policy response- MAMA centre

Following the incessant rape in Nigeria, the Mothers And Marginalised Advocacy Centre, MAMA Centre is seriously disturbed with this occurrence, poo [...]

03 June 2020