MYDAWA Expands Pharmacy Network Across Uganda and Kenya
Deal News | Apr 30, 2025 | Investment Fund for Developing
MYDAWA, a leading pharmacy and telehealth provider in East Africa, is set to triple the number of its pharmacies in Uganda and Kenya, following a significant investment from the Danish Investment Fund for Developing Countries (IFU). The company will open 30 new pharmacies in Uganda and 10 in Kenya, alongside an expansion of its online services, aiming to reach 8.4 million patients annually by 2032. This expansion addresses major issues in healthcare accessibility and product certification in both countries. In particular, Uganda's pharmacy network is heavily centralized in Kampala, while Kenya struggles with uncertified healthcare products. MYDAWA, which already operates 21 physical and online pharmacies, is known for distributing high-quality certified products, including those from Novo Nordisk. Additionally, MYDAWA is noted for its female leadership, with women comprising over 66% of senior management and being instrumental in tackling health-related social stigmas in Kenya, such as those surrounding HIV.
Sectors
- Healthcare
- Pharmaceuticals
- Telehealth
Geography
- Uganda – MYDAWA is opening 30 new pharmacies in Uganda, aiming to improve healthcare access outside the capital, Kampala.
- Kenya – The company plans to open 10 new pharmacies and expand online services in Kenya, addressing the issue of uncertified healthcare products.
- Denmark – The Danish Investment Fund for Developing Countries (IFU) is the investor providing DKK 63.5 million for MYDAWA's expansion.
Industry
- Healthcare – The article revolves around MYDAWA's expansion to enhance access to medicines and healthcare services in Kenya and Uganda.
- Pharmaceuticals – MYDAWA is expanding its network of pharmacies and online pharmacy services, impacting the pharmaceutical distribution industry.
- Telehealth – MYDAWA offers telehealth services to its customers, aligning with the growing telehealth trend in healthcare.
Financials
- DKK 63.5 million – Investment provided by IFU to MYDAWA for expanding their pharmacy network and services in Kenya and Uganda.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MYDAWA | Target | Company | An East African pharmacy and telehealth provider expanding its operations in Uganda and Kenya. |
| IFU (Investment Fund for Developing Countries) | Investor | Company | The Danish fund investing DKK 63.5 million in MYDAWA for its healthcare expansion. |
| Neil OLairy | CEO | Person | Founder and CEO of MYDAWA. |
| Lisbeth Erlands | Senior Vice President and Head of Healthcare | Person | Leader at IFU, emphasizing the importance of gender equality in their investment strategy. |
| Novo Nordisk | Supplier | Company | Supplier of medicines and products distributed by MYDAWA in Kenya. |