Stanbic to Facilitate Quality Chemicals' Construction of Second Factory

Uganda’s Quality Chemicals moves to scale up annual drug production to 2.4 billion tablets.

Quality Chemical Industries Limited (Qcil) has announced plans to boost its annual pharmaceutical output by more than 70%, following the acquisition of a USD 36 million (UGX 133 billion) debt facility from Stanbic Bank Uganda.  The loan will finance the construction of a second manufacturing plant on Qcil’s current site in Luzira, Kampala. The company, Uganda’s largest producer of World Health Organisation (WHO) pre-qualified HIV/AIDS and malari…

Stanbic to facilitate Quality Chemicals' construction of second factory

DEAL: Mumba Kalifungwa, Chief Executive of Stanbic Bank Uganda and Qcil Co-founder Emmanuel Katongole.  Stanbic has provided a UGX 133 bn debt facility to Quality Chemical Industries Limited (Qcil) to scale its manufacturing capacity from UGX 1.4 to 2.4 bn tablets annually, strengthening their capacity to serve not only Uganda but also the wider African market with quality and affordable medicines. Kampala, Uganda | THE INDEPENDENT | Quality Che…

Quality Chemical Industries Gets Shs133bn Loan From Stanbic Bank to Expand Production of Life-Saving Medicines » Business Focus

Stanbic bank’s Mumba Kalifungwa and City businessman Emmanuel Katongole signing the Partnership agreement Quality Chemical Industries Limited (Qcil) has secured a USD 36 million (UGX 133 billion) debt facility from Stanbic Bank Uganda to construct a second manufacturing facility. This new facility will not only increase production capacity for Qcil’s existing portfolio, but also enable the company to expand into new therapeutic areas, including …