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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…
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After just about two years, he left to fully work for Guardian Health Limited, a pharmacy business he had started while at the University of Washington with an initial capital of USD50,000. In 2017, Guardian Health got a majority stake equity investment from Ascent Capital, a for-Africa private equity investor. Five years later, Anthony Natif, in an interview with CEO East Africa’s Muhereza Kyamutetera shares his triumphs and lessons. For starters, what inspired you to start Guardian Health Limited and more importantly return home, when you could have stayed in the States where many African young men and women believe…
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Regardless of the tough period, Cedric has held steady, growing the business to 18 stores in 6 towns—the largest pharmacy chain in the country today and growing. Cedric sat down with CEO East Africa’s Muhereza Kyamutetera and shared his experience and building a more resilient business for the future. How would you describe Guardian Health’s Corporate Purpose? Why do you exist? Our Corporate Purpose is espoused in our vision, mission, values and core objectives. Our vision is to become Uganda’s neighbourhood pharmacy of choice. We will do this by, providing quality pharmaceutical care aimed at improving health, well-being and quality…
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Anthony Natif is a special kind of guy in all ways. If you met him on the street, you wouldn’t tell he is the brain behind the ever-expanding Guardian Health brand of pharmacies- I am sure there is one in your Kampala neighbourhood and if you have travelled, you have seen a couple of them spring up in a number of out-of-Kampala towns; Jinja, Mbarara, Gulu, …. to be exact. But behind the bespectacled eyes and often dreaded hair, is an oncology pharmacist, with a passion and a dream to transform Uganda’s health care. Oncology Pharmacists are a special kind…
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