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.
There are an estimated 229 million cases of malaria worldwide and there were 409,000 deaths in 2019, mostly children.
Talk of the global population reaching 10 billion by 2050 has been around for some time. Yet, this statistic actually hides the real source of this growth, and its implications. Only two regions — sub-Saharan Africa and South Asia — will contribute the lion’s share of this new headcount. Indeed, elsewhere
As the UN-led Inter-Agency Task Force on Financing for Development report suggests, governments must take measures to avert debt overload and address the economic and financial havoc wrought by the pandemic.
"Very disheartened at Manchester Airport today, I travel around the world with my insulin but never have I been made to feel embarrassed. I felt very humiliated as I was rudely questioned & ordered publicly to take my insulin out of its travel cold-case & dumped in to a plastic bag," Akram said in a tweet.
Since Friday, the animal's movement inland had been blocked by a lock at Saint-Pierre-La-Garenne, 70 kilometres northwest of Paris, and its health had deteriorated after it refused to eat.
The bear successfully maneuvered the handle outside the door, possibly in hunt for food — but seemingly couldn't work out how to open it again from the inside.
Miyake even detested being called a fashion designer, choosing not to identify with what he saw as a frivolous, trend-watching, conspicuous consumption.