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.
A number of cancer patients including children of various age groups in Tawam Hospital in Al Ain were visited by Sheikh Dr Saeed Bin Tahnoon Al Nahyan and prominent philanthropists and Ambassador of Hope and Happiness Rawd Abdul Kader to share some quality time with them as part of their commitment towards the ‘Year of Tolerance’.
Ministry of Health and Community Protection has issued a circular banning six herbal products being sold on websites.
Nigerian billionaire Aliko Dangote, known as Africa's richest man, told a forum in Ivory Coast on Saturday how he once took $10 million in cash out of the bank just to look at it and get it into his head that this was real money, not just figures on paper.
Swimsuit season and ice cream don't always mix well if you're watching your weight, but you can treat your sweet tooth to one of my milkshakes with mix-ins for less than 200 calories.
Venetia Chrysostomide fastened her helmet and rolled her Solar-powered car into the sunny streets of Cypriot capital Nicosia for a race to showcase such vehicles' eco-friendly potential, even on a budget.
The study, published in The Journal of Physiology, investigated a home-based high-intensity interval training (Home-HIT) programme and studied its benefits for clinically obese individuals with an elevated risk of heart disease.