THE Tobacco Industry and Marketing Board (TIMB) is touting expanded opportunities for investors to produce nicotine from tobacco waste. In an interview with The Financial Gazette, TIMB’s acting chief executive officer, Emmanuel Matsvaire, revealed that Zimbabwe generates significant tobacco waste, far exceeding the capacity of the country’s sole nicotine production facility. “The current factory cannot…

AFRICAN Extracts, a local start-up, has pioneered an eco-friendly method to manage tobacco waste, which was previously discarded in ways that harmed the environment. During a tour of the company’s nicotine extraction plant in Harare, chief executive Sunny Singh explained that converting tobacco waste into nicotine promotes environmental sustainability. “We currently generate 1 200 metric…

AS the government pushes to boost state revenue through increased taxation, small to medium enterprises (SMEs) have criticised the reduction of the value-added tax (VAT) threshold, warning it undermines compliance efforts and could stifle their growth.Through recent legislative changes, the government has intensified efforts to formalise businesses and bring them into the tax net. However,…