Toyota Tsusho Corporation ("Toyota Tsusho") announced today that its group company CFAO SAS ("CFAO") has acquired an additional 70% of the shares in Goodlife Pharmacy ("Goodlife"), a major retail pharmacy chain in East Africa, making it a wholly owned subsidiary.

Goodlife (established 2014) is the leading pharmacy chain in East Africa, and provides healthcare services to more than 2 million patients annually through approximately 150 locations in Kenya and Uganda. In addition to the over-the-counter sale of pharmaceuticals, it operates through multiple channels, including e-commerce and home delivery. In 2022, Toyota Tsusho Group acquired a 30% stake in Goodlife through CFAO, marking its first entry into the retail pharmacy industry in Africa.

CFAO engages in OEM pharmaceutical production in Morocco, Algeria, and South Africa, and also operates a wholesale distribution business supplying pharmaceuticals to approximately 11,000 pharmacies and hospitals across 24 African countries. By covering local pharmaceutical production, wholesale, and retail, CFAO is expanding its value chain in the healthcare sector.

By acquiring 100% ownership of Goodlife, CFAO will further strengthen the integration between Goodlife’s retail network and brand and its own healthcare operations, aiming to improve consumer access to high-quality pharmaceuticals in Africa and accelerate their widespread availability.

The Toyota Tsusho Group remains dedicated to contributing to solving social issues and economic growth in Africa under the key message, “for the future children of Africa,” at the 9th Tokyo International Conference on African Development (TICAD 9) to be held in Yokohama this summer.

In Africa, the circulation of counterfeit pharmaceuticals poses a threat to human life and remains a public health challenge. Improving access to affordable, high-quality medicines will also help address this issue. Through the manufacture and distribution of pharmaceuticals, medical products, and healthcare services, Toyota Tsusho and CFAO will further strengthen the delivery of healthcare across the continent.

For more information on counterfeit pharmaceuticals, please refer to the white paper published by CFAO.

- White Paper Executive Summary (Japanese)
- White Paper (English)

Company name	Goodlife Pharmacy
Location	Kenya
Established	2014
Business description	Pharmacy chain management, pharmaceutical sales, delivery service management, etc.

- April 8, 2022: Toyota Tsusho's Affiliate CFAO Acquires Large Stake in Goodlife Pharmacies, East Africa's Leading Retail Pharmacy Chain
https://www.toyota-tsusho.com/english/press/detail/220408_005903.html