DUBAI, Jan 30 (Reuters) - Abraaj Capital is scouting for more acquisitions in Africa's healthcare industry, a senior executive said on Wednesday, after the emerging markets private equity firm invested in Uganda's biggest pharmacy chain.
Abraaj, which manages around $7.5 billion in assets, announced an investment in Vine Pharmaceuticals through its Africa Health Fund. It did not provide any financial details of the investment.
"Healthcare in Africa remains a huge opportunity. We have made a number of investments already and are currently in discussions with other targets for potential funding and should be in a position to close additional transactions through the year," said Shakir Merali, a Nairobi-based partner at Abraaj.
http://www.zawya.com/story/Abraaj_scouts_for_Africa_healthcare_deals_after_Uganda_buy-TR20130130nL5N0AZDYQ2/
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