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Imperial Logistics, an Africa-focused provider of logistics and market access solutions, has recently formed a strategic partnership with UbiPharm, a leading player in the African healthcare industry, to create one of Africa’s most extensive healthcare distribution networks.
Imperial Logistics, a leading logistics company, provides customized value-add logistics, supply chain management and route-to-market solutions. The company is managed by South African Mohammed Akoojee, who owns a beneficial 0.19-percent stake.
Imperial Logistics explained in a recent press release that the partnership with UbiPharm will play a key role in the company’s move to provide complementary continental route-to-market solutions to healthcare principals and clients, leveraging best-in-class operations and commercial services.
According to the terms of the strategic partnership, Imperial and UbiPharm will retain their respective business autonomy, while the strategic alliance will improve access to medicine, vaccines and other healthcare products for patients and consumers in 40 African countries.
The move, which is expected to result in one of the continent’s most extensive healthcare distribution networks, will be aimed at meeting the growing demand from the healthcare industry for a global, secure and efficient continental solution in Anglophone, Francophone and Lusophone African countries in accordance with Good Distribution Practices.
While commenting on the agreement, Akoojee said the strategic alliance with UbiPharm aligns with the company’s goal to improve people’s lives and connect every African patient to quality healthcare on a daily basis.
He went on to say that the partnership is also strategic in the sense that it is aimed at expanding Imperial Logistics’ geographic footprint, as it expands into other market segments on the continent, including Francophone and Lusophone African countries.
“Our partnership with Imperial is consistent with our strategy of continuous innovation in order to meet the changing needs of populations,” UbiPharm Group CEO Gerard Mangoua said. “Through this alliance, we will be able to strengthen access to health solutions on the African continent.”
Imperial Logistics shares were trading at R64.6 ($4.22) as of press time on Jan. 25, 15 basis points lower than their opening price on the Johannesburg Stock Exchange this morning.
The logistics company’s market capitalization is currently valued at R13.1 billion ($856.4 million), while Akoojee’s 0.19-percent stake being valued at R24.1 million ($1.6 million).
