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Fanisi Capital Agrees to Exit Haltons to mPharma

East Africa-focused private equity and venture capital fund manager Fanisi Capital has agreed to exit a controlling stake in Kenya-based drug retail chain Haltons Pharmacy to mPharma, a Ghana-based inventory management company serving pharmacies and pharmaceutical suppliers. The deal is reportedly valued at KES500 million (approximately USD5 million). Fanisi first acquired a stake in Haltons in 2013. The transaction is subject to approval by the Competition Authority of Kenya.