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Mutapa to acquire drug producer CAPS Holdings
Zimbabwe's sovereign wealth fund, the Mutapa Investment Fund, is set to acquire local healthcare and drug manufacturing giant CAPS Holdings, despite a Supreme Court ruling earlier this year overturnin...Published: 14 Oct 2024 at 08:10hrs | 194 | by Staff reporter
Fight for Caps turns ugly
THE government's fight to control pharmaceutical giant Caps Holdings from its previous majority shareholder Frederick Mutanda has turned ugly amid claims that there have been threats to kill the busin...Published: 07 Feb 2022 at 05:15hrs | 1 | by Tapiwa Gomo
Catholic nuns seize control of US$2m Covid-19 project
CATHOLIC Church nuns, through Sisters of the Little Company of Mary (LCM), owners of St. Anne's Hospital in Harare, have acrimoniously seized control of the refurbished health facility's Covid-19 cent...Published: 02 Aug 2021 at 08:38hrs | 1 | by Staff reporter
Security agents stalk war veteran
THE fight for control of Caps Holdings Limited (CHL) has turned nasty, with war veteran and businessman Frederick Mutanda alleging that State security agents were involved in a plot to assassinate him...Published: 11 Jun 2021 at 07:30hrs | 3 | by Staff reporter
Spooks investigate US$45m CAPS deal
ZIMBABWE's state security service, the Central Intelligence Organisation (CIO), is investigating a volatile commercial dispute that has erupted between the government and interim trustees of Caps Phar...Published: 19 Dec 2020 at 16:38hrs | 7 | by Staff reporter
High Court suspends industry ministers CAPS appointment
THE High Court has suspended the appointment of five CAPS Private Limited (CAPS) board members by the Ministry of Industry and Commerce after the firm’s majority shareholder objected.Caps Ph...Published: 09 Dec 2020 at 06:21hrs | 25 | by Staff reporter
Funding for Zimbabwe's healthcare now dire
The country's healthcare system has become unsustainable in the face of serious funding challenges and for the umpteenth time, Zimbabweans have to brace for yet another gruelling round of increases in...Published: 29 May 2019 at 08:06hrs | 1 | by Staff reporter
India, UAE roped in to revive CAPS, Datlabs
THE government says it is taking concrete steps to revive the country's health sector by engaging India and the United Arab Emirates (UAE) to help resuscitate fallen pharmaceutical giants CAPS Holding...Published: 19 Apr 2019 at 11:11hrs | 1 | by Staff reporter
Mnangagwa's govt to address 'condom gloves'
Govt to address 'condom gloves'The government said yesterday that it had begun addressing the dire situation at public hospitals — including bringing in critically short medicines and equipment,...Published: 17 Dec 2018 at 10:06hrs | | by Staff reporter
Doctors, govt in crunch meeting
Ministry of Health and Child Care will hold crunch talks with striking doctors tomorrow as it bids to end their industrial action which has crippled services across the country's public hospitals....Published: 11 Dec 2018 at 06:12hrs | 1 | by Staff reporter
Zimbabwe's hospitals crisis deepens
The crisis at the country's public hospitals is worsening, after nurses said yesterday that they would start reporting for duty for three days a week due to Zimbabwe's biting fuel shortages, as well a...Published: 05 Dec 2018 at 15:19hrs | 4 | by Staff reporter
Things going from bad to worse in Zimbabwe
Things are going from bad to worse in Zimbabwe - with yesterday's devastating strike by doctors at the country's public hospitals being the latest problem to confront President Emmerson Mnangagwa's be...Published: 04 Dec 2018 at 13:23hrs | | by Staff reporter
Govt acts on drug shortages
The Health and Child Care Ministry is using its foreign currency allocation from the Reserve Bank of Zimbabwe to purchase raw materials to help CAPS Holdings and Datlabs manufacture medicines locally,...Published: 18 Nov 2018 at 07:31hrs | | by Staff reporter
Government avails US$164.5m to strategic entities
The government has since January this year availed resources amounting to US$164.5 million to strategic institutions. Treasury data seen by the ...Published: 24 Dec 2017 at 14:31hrs | 1 | by Staff Reporter
HIV+ nurse fired
A Harare nurse, who failed to disclose her HIV status during her recruitment, has been left jobless after her employer, St Anne's Hospital discovered that she was indeed positive after serving the ins...Published: 11 Dec 2017 at 04:08hrs | | by Staff reporter
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. Zim...Published: 14 Sep 2017 at 07:24hrs | | by Staff reporter
Buyanga's vehicles attached over debt
Flamboyant businessman Frank Buyanga is set to lose four vehicles over a long-standing debt to former employees who approached the High Court which ruled in their favour to pave way for the auctioning...Published: 06 Aug 2017 at 14:22hrs | | by Staff reporter
Chinamasa in wage bill headache
Government is still struggling to contain its wage bill as it emerged that this expenditure accounted for 86 percent of its overheads in the first month of the year.President Robert Mugabe's a...Published: 03 Jul 2017 at 14:48hrs | | by Staff reporter
Will Mugabe come to the rescue?
TWO things that are sure about death are its certainty and finality. Reference is being made to death in the physical sense, not the spiritual side of things.Because of this, many human beings...Published: 27 Oct 2016 at 09:31hrs | 1 | by Cyril Zenda
'Bond notes not likely to hit the market anytime soon'
FINANCE minister Patrick Chinamasa has indicated that the bond notes are not likely to hit the market anytime soon, as government is yet to finalise modalities for the introduction of the currency...Published: 22 Oct 2016 at 10:48hrs | | by Staff reporter
Uncertainty now surrounds planned introduction of bond notes
Uncertainty now surrounds the government's planned introduction of bond notes next month - in its desperate bid to mitigate the country's worsening liquidity and cash crisis - following yet anothe...Published: 25 Sep 2016 at 21:35hrs | 1 | by Staff reporter
Govt takes over CAPS
Government has taken full control of troubled drug-maker, CAPS Holdings, after buying out former major shareholder, Frederick Mtandah. President Robert Mugabe's government is also finalizing discu...Published: 12 Aug 2016 at 09:14hrs | 1 | by Staff reporter
St Anne's Hospital in Harare shuts down
The Ministry of Health and Child Care has expressed concern over the closure of Harare's privately-owned St Anne's Hospital.The ministry is however optimistic that the owners of the building '...Published: 22 Mar 2016 at 20:23hrs | 9 | by Staff Reporter
St Annes Hospital faces closure
Harare's privately-owned St Annes Hospital faces closure following termination of its lease agreement with the Catholic institute, Little Company of Mary (LCM), owners of the building where the he...Published: 01 Feb 2016 at 06:18hrs | | by Staff reporter
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'FBC's $4.8m asset seizure order unlawful'
CAPS Holdings Limited chairman Frederick Mutanda has said the High Court order permitting the seizure of $4.8 million worth of the company's assets was acquired through an unauthorized consent....Published: 20 Aug 2015 at 11:47hrs | | by Staff reporter
CAPS boss sues Zimbabwe government
Businessman and one of CAPS Holdings and CAPS International Limited shareholders Fredrick Charles Mutanda has dragged the Republic of Zimbabwe, CBZ Bank Limited, FBC Bank Limited and the Sheriff of th...Published: 12 May 2015 at 15:17hrs | | by Staff reporter
HIV+ nurse challenges 'unconstitutional' dismissal
An HIV-positive nurse who was relieved of her duties by St Anne's Hospital for failure to disclose her health condition has challenged the dismissal as unconstitutional.The woman, whose name h...Published: 12 Feb 2015 at 11:59hrs | | by Staff reporter
Former Dynamos player up for robbery
Former Dynamos and Caps United football player Edward Muchongwe (51) - popularly known as Major Murefu during his playing days - was last week arraigned before the Mbare Magistrates' Courts in Harar...Published: 25 Jan 2015 at 08:22hrs | | by Debra Matabvu
HIV+ woman sues hospital
AN HIV positive woman is suing her former employer, St Anne's Hospital, for $30 000 after she was allegedly forced to disclose her status before being arbitrarily fired.The woman, who cannot b...Published: 16 Jun 2014 at 11:11hrs | | by Fidelis Munyoro
More firms to delist from the Zimbabwe Stock Exchange
MORE public listed firms could delist from the Zimbabwe Stock Exchange for the purposes of raising large sums of fresh capital as this would ensure they get higher valuation figures. Financial analyst...Published: 13 Dec 2013 at 03:06hrs | | by Business Reporters
CAPS factory premises auctioned for US$1,5 million
DRUG manufacturing company CAPS Pharmaceuticals has collapsed after the firm's factory premises in Harare's Southerton industrial area was last week auctioned for US$1,5 million cash.This was ...Published: 21 Jul 2013 at 22:23hrs | 3 | by Staff Reporter
Zimbabwe set to start producing insulin locally
Zimbabwe could soon be producing insulin locally after investors from the United Arab Emirates (UAE) expressed interest in partnering local pharmaceutical companies in manufacturing the drug that is ...Published: 08 Jun 2013 at 22:40hrs | 1 | by Staff Reporter
Caps on the on the brink of collapse
FORMER Zimbabwe Stock Exchange listed drug maker Caps Holdings is on the on the brink of collapse after the High Court sheriff ordered the sale some of its assets to pay off money owed to CBZ Bank. As...Published: 04 Jun 2013 at 18:55hrs | | by Business reporter
CAPS Holdings boss wins court case
CAPS Holdings major shareholder and owner of FCA Motors and Western Union money transfer, Frederick Mtandah on Tuesday won his bid to block the state from seizing his passport, after the court ruled t...Published: 04 Jan 2012 at 22:22hrs | | by Staff reporter
Anti-Corruption Commission accused of abusing office
On Friday the Anti-Corruption Commission was accused of abusing its office by arresting FCA Motors and Western Union franchise owner, Frederick Mtandah, who is facing over US$25 million fraud charges....Published: 30 Dec 2011 at 23:11hrs | | by Staff reporter
Former Zipra commander granted $1000 bail
The major shareholder of CAPS Holdings and owner of FCA Motors and Western Union, Frederick Mutanda, who is facing charges of fraud involving more than US$25 million, has been released on US$1 000 ba...Published: 29 Nov 2011 at 17:00hrs | 21 | by Staff reporter
South Africa shuts its doors on Zim businesses
Zimbabwean businesses exporting goods and services into the lucrative South African market face the spectre of seeing their R1,8 billion market significantly shrink, as the South African government w...Published: 19 Nov 2011 at 20:49hrs | | by Staff reporter
MDC-T initiated power sharing talks with Zanu-pf 3 days after voting: Zanu-PF
The MDC-T started to initiate power sharing talks with Zanu-PF three days after voting in the March 28 2008 harmonised presidential and parliamentary elections using business people and professionals ...Published: 26 Oct 2011 at 04:18hrs | | by Staff reporter
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