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Zimbabwean government adopts strategy to boost pharmaceutical sector

The Zimbabwean government on Tuesday approved a five-year national strategy to boost the domestic pharmaceutical industry.The Pharmaceutical Manufacturing Strategy aims to increase the market share of local pharmaceutical products from the current 12 percent to 35 percent, and to expand the exports of pharmaceutical products from 10 percent to 25 percent.It also seeks to boost local production of essential medicines from US$31.5M to US$150M and from the current 30 percent to 60 percent by 2025.Also read: Zimbabwe Finance Minister begins roadshow to win over investorsThe cabinet was aware that Zimbabwe’s pharmaceutical sector was troubled by low production due to outdated equipment, cumbersome registration procedures and limited innovation, and the strategy will help resolve the problem, said Information Minister Monica Mutsvangwa.

Source: Further Africa

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