Zim’s Forex Auction System Backlog Chokes Pharmaceutical Operations

DELAYS in the disbursement of foreign currency by the Reserve Bank of Zimbabwe (RBZ) foreign exchange auction system is threatening the existence of Zimbabwe’s pharmaceutical sector amidst indications that pharmaceutical operators are in some instances going for two and half months without getting any disbursement from the auction system. By Michael Gwarisa Zimbabwe adopted the Dutch Foreign Exchange System in June 2020 whereby business can access foreign currency at an RBZ set exchange rate in a move that was meant to stabilize and tame the peripatetic parallel market rate. Speaking…

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Call For Financial Commitment To Health Sector

HEALTH lobbyists have called on treasury to prioritize the health care sector the same way they  bail out the fuel situation. By Kudakwashe Pembere This call comes at a time when the Reserve Bank of Zimbabwe quickly moved in with a US$50 million facility to calm the fuel crisis when a health tempest rages on. With pharmaceutical wholesalers in Zimbabwe currently requiring US$37, 8 million to settle arrears with foreign suppliers and manufacturers, the whole health sector according to Health and Child Minister Dr Obadiah Moyo needs US$400 000. Little…

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More funding needed for HIV prevention- NAC

By Michael Gwarisa FUNDING towards HIV prevention programs is insignificant as more resources are being channeled towards HIV treatment, a top National Aids Council (NAC) official has said. In an interview with HealthTimes news, NAC director operations Raymond Yekeye said funding HIV prevention was currently on the low and called on stakeholders to consider scaling up financing of prevention initiatives. “Currently, the country has limited funding for HIV prevention as the majority of the resources are being channeled towards treatment in order to ensure we keep those already on ART…

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