Amethis invests in Zimbabwean pharmaceutical company Avacare

ZIMBABWE – Pan-African private equity firm Amethis has struck a new investment by acquiring a minority stake in Avacare Global, a regional distributor and manufacturer of pharmaceuticals and healthcare consumable products. Amethis’ investment aims to support Avacare in its strategic shift towards manufacturing while continuing to consolidate its positioning in existing and in new markets, and to strengthen governance. “We strongly believe in Avacare’s strategy to further expand its manufacturing activities in a context where the African continent must build-up and reinforce its production capabilities to address the increasing local…

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