LeapFrog Investments Hops into Africa Healthcare

Since launching ten years ago with an endorsement from former President Bill Clinton, LeapFrog Investments has shown how a profit-with-a-purpose fund can be sustained by providing financial services to consumers in Africa and Asia who make as little as US$2 a day. Now the billion-dollar-plus private equity company, which focuses on high-growth, purpose-driven businesses in fast-growing markets, has taken a stake in its first healthcare business by investing US$22 million for a majority stake in a Kenyan pharmacy chain. The move into healthcare is yet another example of development “leapfrogging”...

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