Tobacco Farmers Angered By Slow Processing Of Payments And Cash Shortages

By Alvine Chaparadza

Poor and expensive products are making Zimbabwe be uncompetitive on the international markets and as a result, foreign currency generation capability has dwindled. However, Zimbabwe has been overly reliant on tobacco as its major foreign currency cash cow. This has forced The Reserve Bank of Zimbabwe to craft policies that encourage and support tobacco farmers.

But lately, a problem has been reported that can likely dissuade tobacco farmers. It has been reported that tobacco farmers are complaining about delays in the processing of their payments at auction floors.

“The selling season has been going on well and farmers have …read more

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