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[Oct 2017] Pharmaceutical Factories in Ethiopia Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Addis Pharmaceutical Signs $42m Agreement with 54 Capital Ltd

Addis Pharmaceutical Factory (APF) signed a 42 million dollar partnership agreement with 54 Capital Ltd., a UK-based asset management equity firm, which has investments in different countries in Africa.

APF, one of the many businesses under the Endowment Fund for the Rehabilitation of Tigray (EFFORT), ceded 40.7pc of its equity in exchange for the indicated sum, which comes to 891 million Br.

“54 Capital can now play a role in technical production development and international market,” said Shimelis Mamuye, general manager

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