companies prepare for 2017 tobacco marketing season
Zimbabwe’s tobacco marketing season will begin next month, the Tobacco Industry and Marketing Board (Timb) has said, a move expected to inject foreign currency into the economy.
by business reporter
In a notice yesterday, TIMB said: “All stakeholders are advised that the 2017 auction tobacco marketing season starts on Wednesday March 15. Contract tobacco sales will start on Thursday March 16.”
There has been increased interests in the golden leaf due to huge returns. Tobacco farmers also benefit under the 5% export incentive facility created under the bond notes regime
As at January 18, $26,6 million had been paid out as incentive to farmers, representing 90,8% of the total incentive.
The golden leaf is one of the country’s biggest foreign currency earners, raking nearly $1 billion in 2016
How Droughts Dominate Africa’s Risk Environment
FINDINGS Interesting findings More than 60 percent of households report sudden losses in income and assets. Weather shocks are very…
What’re People Buzzing About? Your Content Should Join The Conversation
Sed faucibus ultrices orci ac malesuada. Cras eu ante dapibus, imperdiet lacus ac, pulvinar nulla. Interdum et malesuada fames ac…