Ascent Capital Africa, established in 2012, is a private equity firm headquartered in Mauritius with offices in Kenya, Ethiopia, and Uganda. The company specializes in investing in small and medium-sized enterprises across Eastern Africa, focusing on sectors such as agribusiness, consumer goods, healthcare, ICT, energy, and manufacturing. It typically invests between $2 million and $15 million, taking a controlling or majority stake, and aims to exit through public listing or sale to other investors within a 10-year period. Ascent Capital Africa targets enterprises with a proven track record and seeks to support their growth and expansion.
International Clinical Laboratories (ICL) operates in Ethiopia, providing a comprehensive range of laboratory services essential for patient diagnosis and treatment. Established in 2004 and headquartered in Addis Ababa, ICL is the leading laboratory service provider in the country, with multiple locations including six in the capital and seven branches nationwide. The laboratory offers numerous testing services, such as cardiac markers, blood counts, renal function tests, and various diagnostic analyses, including rapid tests and therapeutic drug monitoring. ICL distinguishes itself as the only laboratory in Africa accredited by the Joint Commission and certified by the Centers for Disease Control and Prevention and the College of American Pathologists. The company not only facilitates specimen collection and provides online access to results but also has a focus on enhancing healthcare quality in the region. As a subsidiary of Medpharm Holdings Africa, ICL aims to expand its services and establish a leading presence in the broader African healthcare market.
Medpharm Holdings Africa
Venture Round in 2015
Medpharm Holdings Africa is a provider of laboratory services in Ethiopia.
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