XSML, the fund manager active in Central and East Africa, announced its fourth investment in Ecopharm, the pharmacy chain in Uganda.

Since XSML’s first investment, Ecopharm has more than doubled its network to 15 pharmacies in Kampala and is aiming to add three more pharmacies with the new investment. XSML’s latest investment is in debt and equity as Ecopharm has a significant runway for further growth, given its competitive position in the Ugandan marketplace.

Ecopharm ...