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ZIMBABWE is formulating a Pharmaceutical Development Strategy as it seeks to increase capacity utilisation in the production of medicines, according to a progress report on implementation of Zim-Asset. About 150 000 euro was allocated for the preparatory technical work in support of the revival of the pharmaceutical sector and formulation of the development strategy with the support of United Nations Industrial Development Organisation...

Government has availed $27 million for the recapitalisation CAPS Pharmaceuticals (Pvt) Ltd which has been facing financial constraints since the introduction of the multi-currency regime in 2009, Industry and Commerce Deputy Minister Chiratidzo Mabuwa has said. Speaking during a tour of manufacturing firms in Gweru, Deputy Minister Mabuwa said the Ministry of Finance and Economic Development had availed funds to revive the pharmaceutical giant....