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MedTech warns of medicines shortage

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Zimbabwe relies on imports for drugs and hospital consumables. It imports about $400 million worth of basic drugs each year.

Zimbabwe relies on imports for drugs and hospital consumables. It imports about $400 million worth of basic drugs each year.

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PHARMACEUTICALS manufacturing firm, MedTech Holdings, has warned of a looming drugs shortage after it failed to access foreign currency from the Reserve Bank of Zimbabwe (RBZ) to import critical medicines.
MedTech is a diversified group of companies that manufactures, markets and distributes health, hygiene, beauty and pharmaceutical products. In a statement accompanying the company’s financial results for the year to December 31, 2017, MedTech said Zimbabweans should brace for drug shortages if the foreign currency shortages continue.

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