SAEDF Portfolio Company Spotlight: Megkon Limited / Autosterile Africa
SAEDF’s investment in medical technology company Autosterile Africa helped to facilitate the production of medical treatment supplies for distribution throughout Africa. As a result of this investment, Autosterile developed a cost-effective, high quality sterilization fluid process.
Autosterile services the inhabitants of South Africa, Zambia, Malawi, Mozambique, Tanzania, Kenya and Uganda with this technology. By investing in scientific research, SAEDF contributed to the development of a major export and also helped create jobs for Africans. SAEDF’s financial assistance also benefited Autosterile’s subsidiary Autoster, which works to deliver HIV and AIDS treatments throughout the continent. Through SAEDF’s efforts, more than 150 jobs and an advancement in medical technology were developed.
Since SAEDF’s initial investment, Autosterile has been able to expand into additional industries. The company, which is now owned by CAPS Pharmaceuticals, has been able to diversify and recently began production on four intravenous fluids for medical purposes.
