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Nigerian Pharma Tycoon Stella Okoli Raises $19.8 million to Complete New Production Facility
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Nigerian Pharma Tycoon Stella Okoli Raises $19.8 million to Complete New Production Facility
Stella Okoli’s Emzor has raised N26.7bn ($19.8m) at a 19% coupon to finish West Africa’s first antimalarial API plant a Sagamu facility that was due to open in late 2025, then early 2026, and is still incomplete. Stella Okoli’s Emzor Pharmaceutical Industries has raised a N26.7 billion ($19.8 million) bond at a 19 percent coupon to complete an antimalarial active pharmaceutical ingredient plant that has now missed two announced start dates. The …
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