Home Southern Africa Zimbabwe Zimbabwe: Natpharm in Financial Crisis, Seeks U.S.$10 Million Emergency Bailout

Zimbabwe: Natpharm in Financial Crisis, Seeks U.S.$10 Million Emergency Bailout

Zimbabwe’s sole medicines procurement and distribution entity, National Pharmaceutical Company (NATPHARM), is facing serious financial challenges and requires urgent capital injection to continue fulfilling its mandate.

This was revealed by Aspect Maunganidze, Secretary for Health and Child Care, during oral evidence presented before the Health and Child Care Portfolio Committee.

Maunganidze told legislators that NATPHARM is currently financially unstable and requires immediate intervention.

Read more on AllAfrica.com

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