MPharma aims to eventually supply drugs to public hospitals as well as private pharmacies.
A Ghana-based start-up has received $1.5 million from Ebay billionaire Jeff Skoll to support its work in changing Africa's pharmaceutical industry to make medicines more affordable.
MPharma is one of five social businesses to receive awards from the Skoll Foundation at this week's Skoll World Forum, Britain's leading event for social enterprise.
Pharmacy owners in African countries such as Ghana and Nigeria have to negotiate prices individually with drug suppliers, meaning the same medicine can cost different amounts in different pharmacies, said mpharma founder Gregory Rockson.
"We want every African patient to be able to get access to the medicine they need, irrespective of their socioeconomic background," Rockson told the Thomson Reuters Foundation.
"We hope that by doing that we can create the largest and most impactful healthcare company in Africa."
Medicines account for 20 to 60 percent of health spending in low- and middle-income countries worldwide, compared with 18 percent in more developed countries, according to the World Health Organization (WHO).
Start-ups as well as governments and donors are working to find solutions to these three problems, she said.
"I think it's an area that lends itself very nicely to disruption ... so it's exciting to follow the start-up community as they engage in solving a very big challenge," said Holt.
It has also launched a micro-payment solution called Mutti for certain life-saving, high-end drugs.
Since launching in Ghana in 2014, the company is now present in Nigeria, Zambia and Zimbabwe and last month bought the second-largest pharmacy chain in Kenya.
Stress levels and mental health problems are at an all time high as people struggle to accomplish goals and keep up with the demands of our fast-paced world. We need to be aware of this and do whatever we can to bring balance to our lives. This week we look at the best well-being trends of the year so far.
The United States is the only country in the developed world to see an increase in women dying as a result of childbirth. Nearly 1,000 women die each year of pregnancy-related complications — deaths that could likely have been prevented with timely and proper interventions. This issue is particularly troubling for minority women. For every 10 pregnancy-related deaths of white women, 30-40 African-American women will die from pregnancy-related causes. However, efforts are under way, with broad bipartisan support, to tackle these disparities.
The three headlines in succession say everything: 3000 kg garbage collected from Mount Everest. Emperor Penguin colony in Antarctic disappearing. Singapore turtle haven fights for life.
On July 13 and 14 five great whites were spotted off Cape Cod, forcing three beaches to be briefly evacuated, the Atlantic White Shark Conservation Society reported.
Inspired by the kebabs and keftes of the Middle East, these meatballs include aromatic spices and a dip. While savory yogurt sauces are the classic pairing.
Futurist entrepreneur Elon Musk late Tuesday revealed his secretive Neuralink startup is making progress on an interface linking brains with computers, and said they hope to begin testing on people next year.