Deal: HealthPlus Secures $5million Loan From IFC

Leading Phamarcy HealthPlus Ltd and CasaBella International Ltd have  reached an agreement with the International Finance Corporation (IFC,) a member of the World Bank Group to provide a $5million loan facility to help the companies expand pharmaceutical and personal care services in Nigeria.

According to the Nation, Under the agreement, IFC will assist HealthPlus and CasaBella to establish a central distribution center in Lagos and expand their combined retail business network from 38 to 120 stores across Nigeria within the next three to four years.

HealthPlus runs a well known branded chain of Pharmacies in Lagos and is present in most public malls and airports. HealthPlus and CasaBella are related parties.

Original article appeared in The Nation