Frederick Kitaka Explained

Frederick Mutebi Kitaka
Birth Date:[1]
Birth Place:Uganda
Alma Mater:St. Mary's College Kisubi


Makerere University

University of Buckingham
Occupation:Executive Director at QCIL
Years Active:1994–present
Nationality:Ugandan
Citizenship:Uganda
Known For:Enterpreneurship, finance, real estate and pan-African investment
Co-Founder and Executive Director of Finance at QCIL
Boards:Quality Chemical Industries Limited (QCIL)
Namulondo Investments Limited
Quality Chemicals Limited
Courtyard Estates Limited
Legacy Capital
Biashara Capital
Buganda Investments and Commercial Undertakings Limited (BICUL)
Spouse:Doreen Nassuuna Mutebi (m. October 1996)
Children:Phillip Nsubuga Mutebi
Vanessa Mutebi
Annalisa Mutebi
Mother:Leonie Nannyiti
Father:Francis Xavier Kitaka

Frederick Mutebi Kitaka, is a Ugandan physicist, mathematician, accountant, entrepreneur, and industrialist. He is the executive director of finance at Quality Chemical Industries Limited (QCIL), a Ugandan limited liability company. QCIL is the only Sub-Saharan pharmaceutical company that is licensed to manufacture triple therapy antiretroviral medication. He is also a shareholder in the company and sits on its board of directors.[2]

His expertise in financial planning and management, economic policy, investment management, and corporate governance has positioned him as a leading figure in his field. Mutebi Kitaka's commitment to societal improvement through his philanthropic efforts further highlights his multifaceted impact on his community and beyond.[2] [3]

Early life and education

He was born in Uganda in August 1962.[1] He is the son of the late Fancis Xavier Kitaka (1 January 1935 - 12 September 2020), the first Ugandan to qualify as a biochemist and one of the four co-founders of Quality Chemical Industries Limited (QCIL).[4]

Mutebi Kitaka was educated at St. Mary's College Kisubi, a distinguished boys-only Catholic high school located in Wakiso District in the Buganda Region of Uganda. He was then admitted to Makerere University, Ugaanda's largest and oldest public university, where he studied mathematics and physics, graduating with a Bachelor of Science degree. Later, he studied at the University of Buckingham in the United Kingdom, graduating with a BSc degree in Accounting and Finance.

Work history

From 1994 until 1997, Mutebi Kitaka worked as the financial controller at Coopers Uganda Limited, a company that later rebranded to MTK Holdings Limited. In 1997, Mutebi Kitaka co-founded Quality Chemicals Limited, where he served as Chief Finance Officer. The company specialized in distributing human, veterinary, and agrochemical products, marking the beginning of his illustrious career in the pharmaceutical industry.[4]

In 2005, he elevated his entrepreneurial journey by co-founding Cipla Quality Chemical Industries Limited, a pharmaceutical manufacturing plant renowned for producing high-quality WHO pre-qualified treatments for HIV/AIDS, Malaria, and Hepatitis B. Under his leadership, the company achieved a significant milestone with a successful IPO in 2018, valuing it at USD255 million.[4]

Real estate and other ventures

Beyond pharmaceuticals, Mutebi Kitaka has made notable strides in real estate development across East Africa. He also plays a vital role in various boards, contributing to the economic development and fostering entrepreneurship in East Africa. He serves as the Board Chairman of Namulondo Investments Limited, an investment arm of the Royal Kingdom of Buganda, and holds board memberships in Legacy Capital and Biashara Capital, among others.

Philanthropy

Kitaka's philanthropic efforts are evident in his active participation in the African Leadership Initiative of the Aspen Global Leadership Network, which aims at addressing societal challenges through entrepreneurial leadership.[2]

See also

External links

Notes and References

  1. Web site: Date of Birth of Frederick Mutebi Kitaka . . 22 May 2024 . London, United Kingdom.
  2. Web site: About Frederick Kitaka . AGLN.Aspeninstitute.org . . 22 May 2024 . Washington, D.C., United States.
  3. Web site: Uganda Exports 70 Tonnes of ARVs To Namibia . . 16 April 2016 . 22 May 2024 . Nairobi, Kenya.
  4. Web site: MTK's Kitaka awarded in death . . 7 February 2017 . Eriasa Mukiibi Sserunjogi . 22 May 2024 . Kampala, Uganda.