HomeNewsPlaza Pharmacy invests in business expansion

Plaza Pharmacy invests in business expansion

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PLAZA Pharmacy has invested $250 000 in business expansion and is aiming to further spread its wings, an official with the company has said.

BUSINESS REPORTER

This comes as the pharmacy recently opened a new branch at Karigamombe Centre in Harare.

Speaking at a Press briefing on Wednesday, company’s spokesperson Moses Shenje said Plaza has pharmacies in the capital and was in the process of upgrading them.
“During the eight months to this year we have seen a slowdown in business, but since two months ago our sales are starting to pick up,” Shenje said.

Shenje said innovation would help the company going forward and the company was currently upgrading its two pharmacies in town.

“Our major challenge is funding which is being faced by any other player and a few medical aid societies have not been paying us on time. But the big medical players have been paying us on time, we do not have problems with them,” he said.

He said the landlord for the company has been lenient with the and had not increased rentals for the company over the past two years.

Shenje said the company has plans to expand into the Sadc region in the next four years.

The company offers credit to qualified customers and a few individuals.

The pharmacy employs 60 people with 48 employed directly at the pharmacy.

The company began operations in 2003 in Tafara-Mabvuku as Tafara Pharmacy. It reached a peak of five branches.

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