BUSINESS NEWS

New drug plant for Zimbabwe

A new pharmaceutical manufacturing plant is set to be constructed in Mt Hampden, about 20km north-west of Harare, in a development expected to cut reliance on foreign drugs and create more jobs for ci...

By Staff reporter | Published: 03 July 2019

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 ...

By Staff reporter | Published: 25 January 2019

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...

By Staff reporter | Published: 06 December 2018

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 ...

By Staff reporter | Published: 19 November 2018

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...

By Staff reporter | Published: 20 July 2018

EDUCATION

Zimbabwe defers ARV drug roll-out

Government has deferred the national roll-out of Dolutegravir - an anti-retroviral drug for adolescent girls and women of child-bearing age - following reports from Botswana that the drug is associate...

By Staff reporter | Published: 18 June 2018

BUSINESS NEWS

Zimbabwe defers HIV drug roll out

GOVERNMENT has deferred the national rollout of dolutegravir, an anti-retroviral drug, to adolescent girls and women of child-bearing age, following reports from Botswana that the drug was associated ...

By Staff reporter | Published: 15 June 2018

BUSINESS NEWS

Govt floats $59m drug tender

Government has floated a drug tender worth $59 million from the Health Levy, amid revelations that the Reserve Bank of Zimbabwe (RBZ) has increased its foreign currency allocation for the procurement ...

By Staff reporter | Published: 13 June 2018

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...

By Staff reporter | Published: 24 May 2018

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...

By Agencies | Published: 17 October 2017

BUSINESS NEWS

RBZ allocates forex to stem drug crisis

The Reserve Bank of Zimbabwe (RBZ) has allocated an unspecified  amount of foreign currency to the pharmaceutical industry in a frantic  move to avert a potentially devastating drug shortage...

By Staff reporter | Published: 15 September 2017

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...

By Staff reporter | Published: 14 September 2017

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 ...

By Staff reporter | Published: 16 August 2017

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...

By Staff reporter | Published: 14 August 2017

BUSINESS NEWS

Drug-resistant HIV worries Government

Thirty-five percent of people on antiretroviral drugs in Zimbabwe are on second line treatment either because they are not recovering on first line treatment or they are reacting to treatment, Health ...

By Staff reporter | Published: 09 August 2017

BUSINESS NEWS

Drug-resistant HIV strain hits Zim

Two out of 30 HIV-positive people on anti-retroviral therapy (ART) in Zimbabwe have shown signs of resistance to commonly used and most affordable drugs Efavirenz and Nevirapine, the World Health Orga...

By Staff reporter | Published: 22 July 2017
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