Local funding for tobacco

In 2024, tobacco export revenue hit an all-time high of US$1,3 billion, the second year in a row that the industry had exceeded the US$1 billion mark.

THE government is shifting focus towards increasing locally-sourced financing for tobacco production, a development set to enhance retention and propel the restructuring and upgrading of the tobacco value chain.Latest statistics from the industry indicate that 95 percent of Zimbabwe’s tobacco production is financed through offshore loans with the country retaining 12,5 percent of the total…

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