CDC Group, the UK’s publicly owned impact investor, has closed a co-investment in mPharma, a tech-enabled healthcare company driving supply chain efficiencies for pharmaceutical products across Africa. CDC has made the investment in mPharma alongside Novastar Ventures, a CDC-backed venture capital fund manager, which led the company’s series C funding round.

mPharma partners with community pharmacies, using technology and data to aggregate demands and create efficient supply chains...