Emmanuel Katongole, the  Executive Chairman of Cipla Quality Chemicals, will receive with the prestigious Africa Business Leadership award in Arusha this Wednesday, becoming the first Ugandan to do so.

The awards recognize the “values and dedication of outstanding Africans who have turned their visions into initiative and successful business ventures.” ABLA is organized as a partnership between the Africa Development Bank and a group of international institutions led by Advanced Finance and Investment Group, a private equity fund management company, and includes the Africa Finance Corporation, BancABC, Ecobank Group, Abax Corporate Services, Dalberg, and Shelter Afrique.

Quality Chemicals Limited started business in 1997, producing veterinary, environmental and human health products. In 2005, Quality Chemicals Limited partnered with the international drug company, CIPLA, to form Quality Chemicals Industries Limited. Since then, Cipla QCIL has brought in new partners, CapitalWorks International Partnership Fund and TLG Capital Fund, to become one of the biggest drug companies in the region.

Katongole is also the chairman of Vero Food Industries Ltd, the producers of Vero natural mineral water. Katongole was also a finalist for the East Africa Ernst and Young Entrepreneur of the Year 2011 awards. He is also a member of the Initiative for Global Development – Frontier 100.

The awards, the fourth edition, will be presented during the African Development Bank annual meeting. Previous winners include: South Africa’s Louisa Mojela, the Group Managing Director of Women Investment Portfolio Holdings Ltd, Nigeria’s Tijani Babatunde Folawiyo, the Group Managing Director of Yinka Folayiwo, and Mali’s Mossadeck Bally, the founder and President of the Azalai hotels group, the first African hotel chain in West Africa.

SUNDAY, 27 MAY 2012 21:25 via Observer