BUSINESS NEWS

Mnangagwa to wield axe on pharmaceuticals

Players in the pharmaceutical industry insisting on charging medical drugs and other consumables in foreign currency despite receiving support from the central bank are set to lose their routine forei...

By Business Weekly | Published: 30 November 2018

INDUSTRIALS & ENERGY

$25m pharmaceutical warehouse project stalled

THE construction of a $25 million state-of-the-art national pharmaceutical warehouse funded by China has hit another snag after the government shifted goal posts yet again.Beijing and Harare signed an...

By Staff reporter | Published: 06 July 2018

BUSINESS NEWS

Pharmaceutical sector near deathbed

THE local pharmaceutical industry access only 10% of its foreign currency requirements from the Reserve Bank of Zimbabwe (RBZ) monthly, a situation that has left the industry teetering on the brink of...

By Staff reporter | Published: 28 May 2018

BUSINESS NEWS

Call on the RBZ to prioritise the pharmaceutical industry

THE pharmaceutical industry needs about $10 million foreign currency allocation per month to operate optimally but is only receiving 10 percent of the requirement from the Reserve Bank of Zimbabwe.In ...

By Staff reporter | Published: 28 May 2018

BUSINESS NEWS

Bulawayo to host annual pharmaceutical congress

BULAWAYO will next week host the joint annual congress for Primary Health Care Physicians of Zimbabwe and Pharmaceutical Society of Zimbabwe, which is expected to draw foreign delegates.A member of th...

By Staff reporter | Published: 16 May 2018

BUSINESS NEWS

Reprieve for pharmaceutical exporters

As part of the ongoing Ease of Doing Export Business - Rapid Results Initiative (RRI), the Medicines Control Authority of Zimbabwe (MCAZ), through the Ministry of Health and Child Care recently reduce...

By Staff reporter | Published: 22 September 2017

BUSINESS NEWS

Forex shortages hard hit pharmaceutical industry

THE pharmaceutical industry is struggling to import critical medication due to the crippling payments gridlock in the financial services sector, a development which is likely to impact negatively to t...

By Staff reporter | Published: 10 September 2017

OPINION

Manufacturing pharmaceuticals: An untapped opportunity

Ever since the high tech generic drug production facility, Cinpharm-Cameroon, was set up, it is relatively easier for Cameroonians to have access to medicines. Now a low wage earner can access a cour...

By Carlos Lopes I BH24 | Published: 26 June 2014

INDUSTRIALS & ENERGY

Duty reduction excite pharmaceuticals sector

The local pharmaceuticals industry is optimistic that the proposed reduction of duty on raw materials as outlined in the 2014 national budget will be implemented, thereby aiding the recovery of the se...

By Staff reporter | Published: 21 January 2014

INDUSTRIALS & ENERGY

CAPS Pharmaceuticals has collapsed

DRUG manufacturing company CAPS Pharmaceuticals has collapsed after the firm's factory premises in Harare's Southerton industrial area was last week auctioned for US$1,5 million cash.This was after t...

By Business reporter | Published: 22 July 2013

INDUSTRIALS & ENERGY

Varichem Pharmcare employees not happy

Varichem Pharmaceuticals, a wholly indigenised company, employees are complaining that the appointment of Alexio Muchabaiwa as the company's Managing Director has created a lot of problems affecting...

By Business reporter | Published: 03 July 2013
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