Drug prices soar

A critical shortage of drugs is looming in Zimbabwe as pharmacies struggle to stock due to biting foreign currency challenges, which have forced them to hike prices to essential medicines.

Zimbabwe is relying on foreign imports for its drugs, equipment and hospital consumables and imports over $400 million worth of basic drugs each year.

The importation of drugs and essential medicines has been further worsened by the troubles at the country's biggest pharmaceutical company, CAPS Holdings, which used to satisfy 75 percent of the country's market.

More to follow...