MyDawa Archives – CEO East Africa

Uganda’s Rocket Healt Merger With Kenya’s MYDAWA: The Inside Story of Power Struggles, Founder’s Syndrome, and the Fight for Control

CEO East Africa MagazineThe Big StoryJuly 14, 2025July 14, 2025

Dr. Davis Musinguzi was once hailed as a visionary for pioneering Uganda’s telemedicine frontier with Rocket Health — a bold venture that sought to redefine how millions of Ugandans accessed…

THE INSIDE STORY: How Dr. Davis Musinguzi & Partners Built and Lost Telemedicine Pioneer, Rocket Health Africa

Muhereza KyamuteteraInvestigations & Special Reports News & Analysis The Big StoryFebruary 4, 2025January 9, 2026

When a group of young medical and finance professionals in Uganda came together in 2012, they had a bold vision: to transform healthcare access through technology. Dr. Davis Musinguzi (CEO),…

Kenya Had 36 Private Equity Exits in the Last 10 Years, to Uganda’s 8.

Jonathan N. LubwamaBusiness & Markets East Africa Global News News & AnalysisSeptember 28, 2023September 28, 2023

The Ugandan business ecosystem was awash with excitement when Tony Natif’s Guardian Health Pharmacy was acquired by Kenya’s MyDawa for an undisclosed amount. However, one of the biggest winners in that deal was the private equity firm, Ascent Africa which owned a controlling stake in the pharmacy chain. This deal was a major exit for a private equity firm, in a region where such milestones are rare. For those who may not understand it, the term ‘exit’ holds significant importance and is often used to denote the process through which a private equity firm or investor realizes a return on…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

Ascent Capital exits Uganda’s Guardian Health pharmacy chain; Kenya’s e-pharmacy MYDAWA acquires 100% stake

Muhereza KyamuteteraBusiness & Markets The Big StoryJuly 4, 2023July 10, 2023

After acquiring a majority stake in and growing Uganda’s Guardian Health to Uganda’s number one retail pharmacy chain, Ascent Capital, a for-Africa private equity investor has exited, selling its stake to Kenya’s e-healthcare firm, MYDAWA Holdings. Anthony Natif, Guardian Health’s founder and Chief Executive Officer until last week has also sold off his stake, giving MYDAWA, 100% holding of Guardian Health. Natif, whose impeccable knowledge of Uganda’s healthcare industry helped Guardian Health to rapidly gain market share, has also stepped down as Chief Executive Officer, according to our sources. MYDAWA was in 2016 founded by Neil O’leary, the billionaire Chairman…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

Subtotal	UShs0
Shipping	UShs0
Tax	UShs0
Total	UShs0