Michael Agyekum Addo, the founder of the KAMA Group of Companies, has passed away at the age of 74. Reports indicate he died on Friday, November 1.
In 2005, Addo was awarded an honorary doctorate degree by the Kwame Nkrumah University of Science and Technology (KNUST) and was among 88 PhD candidates who graduated from the University of Ghana in 2022.
A distinguished entrepreneur, Addo made significant contributions to the pharmaceutical industry in Ghana through the establishment of KAMA Group of Companies, which once included a pharmaceutical production company, now divested.
He also served as the Nkabomhene of the New Juaben Traditional Area in Koforidua, Eastern Region.
His entrepreneurial journey began in 1983 with a pharmaceutical shop in Kumasi. By 1986, he had expanded his operations to manufacture medical products from his garage, leading to the creation of KAMA Group of Companies, a conglomerate with numerous wholesale and retail outlets across Ghana.
In addition to his pharmaceutical ventures, Addo managed a micro-finance firm, a real estate business, and a multi-purpose conference center.
He was also the founder of the Kama Education Project, which focuses on training teachers to foster entrepreneurship among students from a young age, and he authored several books aimed at inspiring a can-do attitude in the youth.
