Travels to receive medical care beyond borders costs the Zimbabwean economy an average of $400 million per year, the finance minister (pictured) said.
According to him, this scenario is due to his country's multi-currency system, but also to the fact that many Zimbabwean Doctors and health professionals seek opportunity beyond our borders. It is also due to the high cost of medicines in the southern African country, linked to its economic crisis.
The official explained that local doctors and health professionals are paid fees to send patients to India, for instance, instead of sending them to local facilities.
To counter the situation, the government has initiated a process to stabilize its economy. Last June, the authorities announced that the RTGS, an alternative currency, would now be the only legal tender in the country, ahead of the reintroduction of the Zimbabwean dollar by the end of the year. The government also announced that it had reached an agreement with the Swiss Novartis group to facilitate access to pharmaceuticals for Zimbabweans at a lower cost.
Overall, medical care abroad has cost Zimbabwe $4 billion over the past decade.
Moutiou Adjibi Nourou
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Egypt’s solar photovoltaic capacity could rise from 2.9 GW in 2025 to 34.3 GW by 2035, according to GlobalData. Total renewable energy capacity could...
Africa’s natural gas consumption rose 4% to 185 billion cubic meters in 2025, driven by power and residential demand. North Africa led...
President Évariste Ndayishimiye replaces three ministers in his third cabinet reshuffle since 2020. Changes affect health, infrastructure, and...
Both partners target to expand supply chain finance across eight African markets with the deal $1.9 billion deal flow is expected to occurred over...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....