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December 9, 2025
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    Quality Chemical Industries

    A photo montage of Knight Frank’s Judy Rugasira Kyanda, Broll Property’s Moses Lutalo, Quality Chemical’s Ajay Kumar Pal, Stanbic Bank CFO Ronald Makata, MTN CFO Andrew Bugembe, and Innovex’s Douglas Baguma. Uganda’s CEOs and CFOs are navigating a tight-liquidity economy where money is costly and slow-moving. Discipline, smarter capital allocation, and tighter risk management now define survival as companies rethink growth, debt, and currency exposure.

    Surviving in a Cash-Crunch Economy: How CEOs, CFOs are Managing Debt, Forex, and Capital in a Tight Liquidity Market

    Jeff WintersThe Big StoryNovember 17, 2025November 19, 2025

    Money remains expensive in Uganda. Bank of Uganda has kept its Central Bank Rate (CBR) at 9.75% since August 2025, one of the longest periods without adjustment. The message is…

    A photo collage of Bank of Baroda Managing Director Shashi Dhar, Quality Chemical Managing Director Ajay Kumar Pal, Stanbic Holdings Chief Executive Francis Karuhanga, Umeme Managing Director Selestino Babungi, and Airtel Uganda Managing Director Soumendra Sahu. The five companies delivered standout returns for the period between January and September 2025.

    Black Diamonds: Five Stocks that Beat Bonds and NSSF in Returns

    CEO East Africa MagazineThe Big StoryOctober 2, 2025October 10, 2025

    The stock market continues to deliver standout opportunities for investors. Five locally listed companies posted exceptional returns that outpaced both government bonds and the National Social Security Fund (NSSF). The…

    Ajay Kumar Pal has engineered a remarkable comeback of the now rebranded Quality Chemicals Limited, which, about three years ago, could have been very difficult to think about. Quality Chemicals’ fortunes had decelerated, with both earnings and stock trading falling to historical lows.

    From Red to Resurgence: How Kumar has Engineered Quality Chemical’s Turnaround

    Jeff WintersIndustry & AnalysisThe Big StoryJuly 18, 2025July 21, 2025

    In 2021, Ajay Kumar Pal became CEO of Cipla Quality Chemicals, now QCIL. He displayed a calm resolve of someone used to pressure. He wasn’t just walking into a leadership…

    CEO EAST AFRICA MAGAZINE RANKING: Uganda’s 100 Most Trusted and Respected Companies 2024

    Muhereza KyamuteteraLists & RankingsNews & AnalysisThe Big StoryAugust 20, 2024February 27, 2025

    Corporate reputation is an aggregate of public perceptions about an organisation’s social, political, ethical and business behaviour and how people engage with that organisation based on these perceptions. Ultimately, this…

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