BUSINESS NEWS

Foreign drug manufacturers cut off supplies to Zimbabwe

THE pharmaceutical sector in Zimbabwe owes foreign suppliers more than $39 million for imported raw materials as well as finished products, resulting in supplies to the southern African country being ...

BUSINESS NEWS

Zimbabwe, India seal $25m drugs deal

Government has concluded a $25 million deal for medical equipment, medicines and surgical sundries with India to ease drug shortages and deal with price distortions. This comes as junior doctors at pu...

INDUSTRIALS & ENERGY

Musimboti cashes in on drugs crisis

CERTIFIED herbal medicines manufacturer, Musimboti Traditional Science and Technology Institute (MTSTI), has over the past two months experienced a surge in business as patients resort to traditional ...

BUSINESS NEWS

Zimra intercepts $10m drugs

THE Zimbabwe Revenue Authority (Zimra) says it intercepted dangerous drugs worth $10 million last year, after increasing its footprint at ports of entry. This comes as the tax collector, together with...

BUSINESS NEWS

Drug prices skyrocket

PRICES of vital drugs in Zimbabwe have gone up by about 15 percent over the last few months, health care industry players have disclosed.The surge has significantly affected patients and insurance com...

INDUSTRIALS & ENERGY

'Drugs price increase unjustified'

The association of Healthcare  Funders of Zimbabwe (AHFoZ) on Tuesday hit out at pharmacies for the recent arbitrary increase in drug prices by between 30 and 70 percent.Late last month, Zimbabwe...

INDUSTRIALS & ENERGY

Drug prices soar

A critical shortage of drugs is looming in Zimbabwe as pharmacies struggle to stock due to biting foreign currency challenges, which have forced them to hike prices to essential medicines. Zimbabwe is...

Govt seeks partner for drugs-maker CAPS

Government is looking for an investor to inject $6 million in once Zimbabwe's and southern Africa's biggest drug manufacturer - CAPS Holdings - which has been teetering on the brink of total collapse ...

BUSINESS NEWS

National drug stocks set to improve

The country's national drug stocks are expected to improve in a few weeks following an injection of $4 million every month by Government, specifically for drug procurement, Health and Child Care Mini...