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Ugandan project attracts investors |
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| News - Alternative Investments | |||
| Wednesday, 09 September 2009 15:58 | |||
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Newly formed TLG Capital is defying the economic downturn with its first investment in Quality Chemicals Industry Ltd (QCIL). This will be followed by further investments of deploying capital in frontier markets. Quality Chemicals Ltd (QCL) joined forces with Cipla to launch QCIL – the first pharmaceutical company manufacturing antiretroviral (ARVs) and anti-malarial drugs in Africa. With the full support of the Ugandan Government, QCIL is set to produce six million tablets per day in the near future. QCIL has constructed a £20 million plant in Kampala, Uganda which has been licensed by the National Drug Authority. The company has also been vetted by the International Committee of the Red Cross (ICRC) and pre-qualified by Drugs for Neglected Diseases initiative (DNDi) ensuring buy in from these organisations.
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