Pharmaceutical firms recovering on drug import ban

HARARE,– Zimbabwe’s moribund pharmaceutical sector is showing signs of recovery following restrictions on imports of drugs, with capacity utilisation in some companies doubling to 60 percent from 30 percent in the prior year.

Zimbabwe’s pharmaceutical industry has struggled to recover from the decade-long economic crisis which eased in 2009 and saw the sector registering a massive decline, with an estimated 90 percent of all pharmaceutical products being donor-funded and imported.

In February this year, government introduced Statutory Instrument 18 of 2016 to control the import of drugs, a measure also seen as trying to revive the sector.

Among the restricted medicines are antacids, some painkillers, certain antibiotics, and specified intravenous infusion (IV) fluids.

“Some companies are recording capacity utilisation of more than 60 percent from below 30 percent in the prior year before the SI was put in place. The benefit of the increased capacity utilisation means business is vibrant and they can develop strength to export,” the chairman of Pharmaceutical Manufacturers Association, Emmanuel Mujuru, told The Source on the sidelines of a workshop on the Industry Development Policy.

Government said last December it was taking over CAPS Holdings, the country’s largest pharmaceutical manufacturer which collapsed five years ago, in a bid to revive its operations but the move appears to have stalled.

At its peak, CAPS accounted for 75 percent of the local healthcare products market and was involved in the manufacture, wholesale distribution, and retail of pharmaceutical, consumer, and veterinary products.

Zimbabwe has largely relied on imported drugs, mainly from India, and its medical drugs bill from that country rose from $14 million in 2008 to more than $50 million in 2013.

Mujuru said drug manufacturers are also victims of the cash crunch gripping the economy, with public hospitals failing to pay for the products on time.

“We supply the public institutions and payment is the critical problem. Hospitals are our key customers and they do not have money to pay on time. We are also engaging donors to buy locally because they usually procure their donations abroad and flood the market,” he added.

Government is working on the Industrial Development Policy framework which will be implemented between 2017 and 2021.

The framework is expected to increase manufacturing capacity utilisation to 50 percent by 2021, from 34 percent currently. – The Source

Related Posts
What is misophonia? Why certain sounds trigger hate feelings deep inside
Do certain sounds – like people chewing or breathing – make you intensely angry and full of hate? Then you are probably suffering from a "devastating" condition called misophonia. This condition, ...
READ MORE
How to avoid drug abuse
The beginning of the year is a time, when most people make new resolutions for the year, but for most it becomes just a thought without a designed route for ...
READ MORE
Zimbabwe hospitals have no cotton wool, paracetamol
Harare - Some of Zimbabwe's major public hospitals are so poorly stocked they cannot even provide cotton wool or basic painkillers, the country's state broadcaster reported on Monday. The Zimbabwe Broadcasting ...
READ MORE
Tariro Machokoto
Bikita – Two doctors, Dr Tizirai Bungu and Dr Knewton Mudzingwa had a fierce clash during a Bikita full council meeting over the supremacy of modern medicine to traditional herbs. Dr ...
READ MORE
HIV can be cured: Magaya conjures up fresh controversy
PROPHETIC Healing and Deliverance (PHD) Ministries leader Prophet Walter says HIV infection can be cured through the Holy Spirit. In his sermon during a meeting with church partners in Mutare on ...
READ MORE
Stigma, Complacency Threaten Zimbabwe’s Gains in HIV/AIDS Fight
HARARE—That Zimbabwe has made progress in reducing HIV-infection in the country is a feat, many applaud.   But some health experts warn if unchecked, stigma, discrimination and complacency could reverse the ...
READ MORE
Apostolic Faith Sect Conducts Healing Sessions for With Mental Challenges
HARARE—The small Mashonaland West town of Norton is in the limelight following revelations that miracles are allegedly happening in the town. At the centre of focus is news that a number ...
READ MORE
Killer cancer on the rise
The statistics and projections regarding the prevalence of cancer make for frightening reading. By Farai Mabeza Zimbabweans have, for a long time, lived under the scourge of HIV/AIDS, but the burden was ...
READ MORE
1,3 Million Zimbabweans Living With HIV/Aids
AT LEAST 1,3 million people in Zimbabwe are living with HIV/AIDS compared to two million recorded in the previous years, a government official has said. Briefing journalists in the capital, HIV ...
READ MORE
Tsvangirai still in South Africa after operation
Johannesburg – Zimbabwean Movement for Democratic Change (MDC) leader Morgan Tsvangirai is reportedly still in South Africa after undergoing an operation. According to NewsDay, Tsvangirai told his supporters that he ...
READ MORE
What is misophonia? Why certain sounds trigger hate
How to avoid drug abuse
Zimbabwe hospitals have no cotton wool, paracetamol
Bikita doctors clash over cancer medicine
HIV can be cured: Magaya conjures up fresh
Stigma, Complacency Threaten Zimbabwe’s Gains in HIV/AIDS Fight
Apostolic Faith Sect Conducts Healing Sessions for With
Killer cancer on the rise
1,3 Million Zimbabweans Living With HIV/Aids
Tsvangirai still in South Africa after operation

Arts & Entertainment

Arts & Entertainment

Where To Stream Drake’s ‘More Life’: Playlist Will Be Available On Spotify And Amazon

17th March 2017 Staff Reporter 0

After a long wait, Drake’s next project, “More Life,” is finally releasing on Saturday. Originally believed to be an Apple Music exclusive, it’s now looking like the playlist will also be available on other streaming […]

Arts & Entertainment

Rick Ross Feuding With Birdman, Nicki Minaj? Listen To New Album ‘Rather You Than Me’

17th March 2017 Staff Reporter 0

Rick Ross released his new album “Rather You Than Me” Thursday and took some shots at Birdman and Nicki Minaj. In the song, “Idols Become Rivals,” the MMG star dissed rapper Birdman for not paying his artists […]