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How Verod's investment is enabling retail pharmacy Medplus to grow

Apr 20, 2026

At Verod, we seek out exceptional entrepreneurs - people whose vision, tenacity and commitment to building something lasting sets them apart. Few exemplify this better than Joke Bakare, the founder of Medplus, Nigeria's largest retail pharmacy chain.

Verod first invested in Medplus when the business was operating 79 stores. Today, Medplus has over 150 stores across 19 states in Nigeria and the business continues to grow.

That journey - from 79 stores to 150 and counting - reflects the kind of partnership we strive to build with our partner companies. Our role is to support entrepreneurs by providing the capital, operational expertise and strategic counsel to help exceptional businesses reach their full potential.

Watch the video below to discover more about how we've supported Medplus' growth.

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Your partner of choice for investing in Africa

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Want to stay up to date with Verod & industry insights?

Your partner of choice for investing in Africa

Newsletter

Want to stay up to date with Verod & industry insights?