Tuesday, 02 January 2024 12:17 GMT

Zimbabwe embrace plan to bolster pharmaceutical industry


(MENAFN) On Tuesday, Apr. 27 the Zimbabwean administration endorsed a five-year nationwide plan to bolster the local pharmaceutical sector.

The Pharmaceutical Manufacturing Strategy intends to raise the market share of domestic pharmaceutical produce from the current 12 percent to 35 percent, and to increase the exports of pharmaceutical products from 10 percent to 25 percent.

It also intends to enhance domestic output of necessary medicines from USD31.5 million to USD150 million and from the current 30 percent to 60 percent by 2025.

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