International pharmaceutical companies to invest in Zimbabwe

By Abigirl Tembo

ZIMBABWE’S pharmaceutical industry is poised for growth with two global pharmaceutical giants, Dubai based Intrapharma and Egypt’s Pharco, planning to set up a manufacturing plant in Zimbabwe.

The new venture is expected to see the two companies setting up a manufacturing plant in Victoria Falls under the name Zimpharma, a clear testimony that the re-engagement drive is bearing fruit.

This comes after Vice President General (Retd) Dr Constantino Chiwenga met representatives of the two companies in Egypt on the sidelines of the African Health Exhibition and Conference to finalise the deal.

“The pharmaceutical industry in Zimbabwe had gone down and we are revamping it. The industries had gone done but now we have revived over 15 of them. The team from Dubai and the team from Egypt are now coming in with some of the technology we don’t have and the other materials we don’t have in Zimbabwe. From these new technologies they will be producing 90 different types of drugs. When they came to Zimbabwe, they actually went round to see where they will set up their company and they chose Victoria Falls.  Their coming in will also attract quiet a number of industries. A tripartite will be signed between Pharco, Intrapharma and Zimbabwe which will be called Zimpharma,” said Vice President Chiwenga.

Intrapharma Chairperson, Dr Engineer Ibrahim Ramel is confident the partnership will yield positive results.

“Zimbabwe is the best place for any investor looking to develop and expand because of the high quality of workforce. This strategic project is a win-win. We are finding high support from the leaders. We are hoping that you will see our product in Zimbabwe by the end of this year,” he said.

Last month, Zimbabwe negotiated an agreement with an Indonesian pharmaceutical giant, Biopharma, which is expected to set up its plant at NATPHARM in Harare, while the Zimpharma plant will be in Victoria Falls.