UbiPharm Madagascar and AFG Bank Madagascar Seal a Strategic Partnership in Support of Pharmacists 01 | 01
UbiPharm Madagascar and AFG Bank Madagascar seal
a partnership
Antananarivo, January 20, 2026
UbiPharm Madagascar and AFG Bank Madagascar today announce the signing of an unprecedented strategic partnership aimed at strengthening the establishment and development of new community pharmacies across the country. This collaboration is part of the PACK TONGASOA program, an initiative created by UbiPharm Madagascar to support newly established pharmacists during their first five years of activity.
Through this partnership, young professionals in the sector will now benefit from a comprehensive package of technical, financial, and administrative support, ensuring a stronger and more sustainable start to their professional journey.
In a context where access to financing represents a major challenge for new pharmacists, AFG Bank Madagascar is committed to providing preferential credit conditions, including:
• Financing of up to 50 million Ariary for pharmacy setup
• Real estate loans of up to 300 million Ariary for the purchase of land or buildings intended to house pharmacies
• Adapted repayment terms and preferential interest rates
• Simplified and priority access for applications recommended by UbiPharm Madagascar
This collaboration not only facilitates the establishment of new pharmacies but also encourages long-term, structured investments in the healthcare sector.
Beyond financial assistance, both institutions are implementing a complete support system:
• Management support, training, and follow-up provided by UbiPharm Madagascar
• A secure and innovative financing framework offered by AFG Bank
• The establishment of a joint monitoring committee to ensure the effectiveness and sustainability of the program
According to Mr. Achraf Alfa-Boukari, Managing Director of UbiPharm Madagascar:
“Pack Tongasoa is our commitment: to give young Malagasy pharmacists the means to build a life project. With AFG Bank Madagascar, we are offering real leverage for young pharmacists to start with confidence. Thanks to this initiative, the Malagasy population will benefit from more pharmacies and improved access to medicines. This is growth for everyone.”
For Ms. Kadiatou-Ina Diallo, Managing Director of AFG Bank Madagascar:
“We have a strong conviction: talent and competence should never be hindered by a lack of financial resources. UbiPharm, through its central role in the distribution of medicines and parapharmaceutical products in Madagascar, already supports hundreds of pharmacies and healthcare facilities across the country. Behind this value chain lies an essential mission: ensuring daily access to medicines for millions of patients. As a bank, our responsibility is to support this dynamic by acting where the impact is greatest.”
AFG Bank Madagascar is a financial institution committed to responsible financing, the modernization of banking services, and supporting local entrepreneurs. Its ambition is to back initiatives that generate economic and social impact.
A subsidiary of the UbiPharm Group, UbiPharm Madagascar has been established in the country since 2015. Its primary mission is to distribute quality medicines and healthcare products in close collaboration with pharmacies and local healthcare professionals. The UbiPharm Group operates in 15 African countries and 4 French overseas territories, contributing to improved access to healthcare for millions of people.
Press Release Partnership between UbiPharm Madagascar and AFG Bank Madagascar