• EDITORIAL POLICY
  • ABOUT US
PML Daily
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
PML Daily
No Result
View All Result
Home NEWS

CiplaQCIL targets registration in 22 countries after a strong 2019

TRACY TEDDY NAYIGA | PML Daily Staff Writer by TRACY TEDDY NAYIGA | PML Daily Staff Writer
August 23, 2020
in NEWS
0 0
7
SHARES
338
VIEWS
FacebookWhatsAppTwitter
Emmanuel Katongole, Executive Chairman, CiplaQCIL (PHOTO/Courtesy).

KAMPALA – Cipla Quality Chemicals Industries Limited (Cipla QCIL) have revealed that they set out a target to be registered in 22 countries in Africa this year.

During their general meeting on August 20, 2020 the company revealed the scorecard to date is that 16 countries have granted approvals, 15 are in progress, and 3 new country applications will be made this financial year.

CiplaQCIL has continued to engage extensively and constructively with the Government of Zambia regarding payment of the over dues this financial year.

Executive Chairman of CiplaQCIL, Emmanuel Katongole revealed that the 2019/2020 financial year was a challenging year especially given the Zambia issues and most recently the COVID-19 pandemic.

“The Company is intent on returning to significant revenue growth in 20/21 as well as, of course, a return to profitability. We can be proud though despite numerous challenges, CiplaQCIL continues to deliver on its ethos of “Caring for Life” by producing quality, affordable medicines to ensure that people have access to life-saving medication,” he said.

In Quarter one, $1.2 million was received. This engagement involves forfeiting the over dues through an international bank to secure guaranteed payment.

According to CEO of CiplaQCIL, Nevin Bradford, the company is relentlessly focussed on driving shareholder value through increased revenues and profitability.

“Even though it was business unusual during the COVID-19 pandemic, CiplaQCIL was fortunate to operate without interruption and even managed to improve attendance and productivity levels during this period. The new financial year 2020/2021 has presented opportunities in increasing the customer base with orders from Botswana for 2.3 million doses of ARVs for adults living with HIV,” he said.

CEO of CiplaQCIL, Nevin Bradford (PHOTO/Courtesy).

He added that CiplaQCIL is widening its customer base both geographically and customer wise with the entrance into the private market and very significant new direct-to-government sales.

“As part of CiplaQCIL’s expansion strategy, the company has acquired Quality Chemical Ltd.’s distributiondistribution arm of the Cipla India manufactured range of prescription medicines in Uganda. The acquisition takes the form of a transfer of assets of Quality Chemicals Limited, specifically the sales team overseeing the human healthcare portfolio, and is expected to boost the company’s sales growth by expanding its product range while unlocking new business opportunities in the retail distribution market. The transaction will close in the second Quarter.”

Comments

Tags: CEO of CiplaQCILEmmanuel KatongoleNevin Bradfordtop

Related Posts

MP Muhammad Nsereko and his rival Fred Nyanzi respectively (PHOTO/File).
NEWS

MP Nsereko victory for Kampala Central seat under threat as Court orders for recount on Thursday

January 27, 2021
128
The new BoU Deputy Governor, Dr. Michael Atingi-Ego (PHOTO/File).
NEWS

Parliament queries why Ministry of Finance has allocated UGX481bn to BoU for recapitalization; money, that BoU says is not necessary

January 27, 2021
176
President Museveni has reshuffled the Resident District Commissioners (PHOTO/File).
Education

Museveni asks schools to wait for more three months before reopening

January 27, 2021
367
President Museveni speaking at Mulago Hospital as he launched clinical trials for a home-grown Covid-19 treatment drug (PHOTO/Courtesy).
NEWS

Work for independence, Museveni advises at launch of trails for Covid-19 treatment drug 

January 27, 2021
249
Inspector General of Police Martin Okoth Ochola (PHOTO/File).
NEWS

IGP warns Bobi Wine, Besigye on ‘alarmist’ messages of election fraud

January 27, 2021
240
FDC supporters celebrating the winning of the mayoral seat by the party candidate in Kasese (PHOTO/Courtesy).
NEWS

Business paralysed as FDC supporters celebrate victory in Kasese mayoral elections

January 27, 2021
181

Advertisement






 

 

About

The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda.

Follow us

KIU

  • EDITORIAL POLICY
  • ABOUT US

© 2020 PMLDAILY.COM

No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines

© 2020 PMLDAILY.COM

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In