Zimbabwe: Govt Works On U.S.$40 Million Facility for Drug Firms

7 November 2016

GOVERNMENT is working on a financial package of between $20 million and $40 million to revitalise production capacity of Zimbabwe's distressed pharmaceutical industry to produce essential drugs.Zimbabwe Investment Authority chairman Mr Nigel Chanakira said the authority is in the process of putting together a report on the pharmaceutical industry's needs, set to be complete by next month. Mr Chanakira said the Ministry of Industry and Commerce is leading the process of putting together the funding package after a United Nations Industrial Development Organisation (UNIDO) study into status of the sector, which highlighted issues that need to be addressed.

UNIDO completed the extensive study and report into the state of affairs in the country's pharmaceutical industry and made recommendations on appropriate remedies, at policy, institutional and enterprise level to enhance the industry's capacity.

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