Articles tagged 'tobacco'

Zim tobacco output rebounds 15 May 2017 HARARE - Zimbabwe’s tobacco production has so far outpaced the previous year by most measures including volume and value sold. Production and sales of tobacco rose from 66,8million kg in the prior season to 87,9 million kg as at day 32 of the marketing season following last year’s devastating ...
BAT fails to remit $8m dividend 12 May 2017 HARARE - Zimbabwe's largest cigarette manufacturer, British American Tobacco (BAT), is failing to pay over $8 million in dividend to its offshore major shareholder, due to foreign payment delays. BAT finance director, Lucas Francisco, yesterday told the businessdaily that the cigarette manufac...
Farmers left to rot at auction floors 7 May 2017 HARARE - Tapiwa Kadzura travelled all the way from Karoi, he had his tobacco bales and hoped to make a kill at the auction floors — but reality is different. He sleeps in a toilet and scrounges for food as he and other farmers are told there is no money to pay them now. Last week, Kadzura a...
Police tear-gas, bash tobacco farmers 5 May 2017 HARARE - The Tobacco Sales Floors (TSF) premises were turned into a war zone yesterday as police fought running battles with angry farmers who staged a demonstration demanding their cash from banks. Police tears-gased and thrashed the desperate farmers in a mayhem which left some injured and p...
Tobacco farmers failing to get cash 18 April 2017 HARARE - Tobacco farmers are struggling to get their money at auction floors, as the country's severe cash crunch continues to worsen. This is despite the government's recent directive to banks to pay tobacco farmers $1 000 for their initial sales. Frustrated farmers who spoke to the Daily ...
Crisis as the govt hikes farmers' tax 1 April 2017 HARARE - President Robert Mugabe’s stone-broke government has imposed a new 10 percent tax on tobacco sales, prompting angry farmers to threaten to withhold their crops for the current marketing season. This comes as impoverished Zimbabweans are reeling from a wave of other additional taxes th...
Zim must learn to value its farmers 18 March 2017 HARARE - The treatment of tobacco farmers in the past few days by buyers has brought to the fore issues of how farmers across the country are treated as second-class citizens. Tobacco farmers are complaining that the new the electronic auction system is not working and they are not happy with ...
Tobacco selling season ready to roll 18 February 2017 HARARE - Zimbabwe’s tobacco auction floors will open next month, with government hoping earnings from the crop will solve the country’s dollar crunch. Tobacco is the country’s major foreign currency earner after it raked in nearly $1 billion last year in export receipts ahead of platinum and g...
Zim faces locust invasion 15 February 2017 HARARE - Zimbabwe faces a red locust invasion which further threatens maize and wheat yields, as the country battles to control fall army worm that has ravaged crops. The red locusts — a large grasshopper species — are aggressive and destructive crop-eating pests that move in swarms, feeding o...
Desperate baboons feed on tobacco 5 February 2017 HURUNGWE - Intelligent and thus highly adaptable, baboons have added another cuisine to their growing menu of delicacies, this time the country's most priced cash crop — tobacco. With agricultural practice lacking concern for ecological balance, these Chocma monkeys are reaping revenge on farm...
Tobacco farmers increase 10 January 2017 HARARE - The number of registered tobacco farmers for the 2016/17 season has increased by 10 910 to 81 172, as more growers are being lured by good fortunes from the golden leaf, official data shows. Figures released by the Tobacco Industry and Marketing Board (TIMB) indicated that communal fa...
Zim earns $926m from tobacco exports 31 December 2016 HARARE - Zimbabwe has earned $926 million from tobacco exports since the beginning of the selling season early this year. This was after the country had exported over 163 million kilogrammes of the golden leaf to various countries across the world. Latest statistics from the Tobacco Industr...
China rescues Zimbabwe 28 November 2016 HARARE - The Chinese cigarette industry is helping ease cash crisis in Zimbabwe by snapping up 52,3 million kilogrammes (kg) of tobacco valued at $425,5 million in the eight months to November, latest data show. China, which has the world's largest population and has more smokers in the world ...
Rudland hammered again 15 September 2016 HARARE - Controversial businessman Simon Rudland has lost his bid to continue selling his Rudland & George (RG) cigarette brand in Zimbabwe after the High Court upheld its previous order barring the distribution of the product. In a follow up to its September 2 provisional ruling that Livera T...
US, Mauritius dump Zim tobacco 5 September 2016 HARARE - The United States of America and Mauritius have stopped importing Zimbabwean tobacco over escalating human rights abuses, sources say. Latest statistics from the Tobacco Industry and Marketing Board (Timb) indicate that the two countries — among Zimbabwe's top 10 tobacco export destin...
Tobacco farmers tough it out 31 July 2016 HARARE - Zimbabwean tobacco farmers have remained resilient in the face of a devastating drought — which has left more than 5,5 million people in need of food aid — and are set to surpass the new target of 190 million kilogrammes (kg). This was after the country had set an initial target of 17...
Zim targets 190m kg tobacco output 27 July 2016 HARARE - Zimbabwe has revised its tobacco sales target from 175 million kilogrammes (kg) to 190 million kg as deliveries continue to trickle in. This was after the country last week surpassed its initial target by more than five percent at 183 million kg of the golden leaf earning the country ...
Zim rakes in $254m from tobacco exports 9 June 2016 HARARE - Zimbabwe has so far exported flue-cured tobacco worth $253,6 million in a development expected to ease liquidity challenges in the country, figures from the Tobacco Industry Marketing Board (TIMB) indicate. According to TIMB, 45,1 million kilogrammes (kg) were sold at the close of wee...
Tobacco deliveries breach 100m (kg) mark 4 June 2016 HARARE - Zimbabwe's tobacco deliveries have breached the 100 million kilogrammes (kg) mark — earning the country over $303 million — latest data show. Statistics released by the Tobacco Industry and Marketing Board (TIMB) show that 20 million kg tobacco worth $51 million went under the hammer ...
Tobacco farmers earn $73mln 28 April 2016 HARARE - Farmers have so far pocketed $73 million from the sale of over 27,6 million kilogrammes (kg) of tobacco compared to $38,5 million last year. Data from the Tobacco Industry Marketing Board (TIMB) yesterday revealed that on day 19, the average price for the golden leaf had surged 8,69 p...
Economic decline smokes out BAT 27 April 2016 HARARE - Zimbabwe's largest cigarette manufacturer British American Tobacco (BAT) says its annual production for the year to 2015 fell from approximately 1,5 billion sticks to about 1,2 billion sticks, on the back of economic challenges. The company's head of manufacturing Moses Musarugwa yest...
BAT Zimbabwe new boss optimistic 25 April 2016 HARARE - The British American Tobacco Zimbabwe (BAT Zimbabwe) recently appointed Clara Mlambo as its new managing director taking over from long-serving executive Lovemore Manatsa. Our business editor John Kachembere speaks to Mlambo over her new appointment and her vision for the cigarette ma...
Tobacco deliveries up 98pc 20 April 2016 HARARE - The Tobacco Industry and Marketing Board (TIMB) yesterday said flue-cured tobacco deliveries for the first 13 days have increased by 98 percent this season compared to the same period last year, while sales are up by 124 percent. By yesterday some 14,5 million kg of tobacco had gone u...
Zim exports to EU on the rise 14 April 2016 HARARE - Zimbabwe's exports to the European Union (EU) have increased by 14 percent to $54,2 million from $28,6 million recorded in 2014, latest figures from ZimTrade show. Data released yesterday by the local trade development and promotion organisation revealed that the country's exports to ...
Tobacco farmers struggle to access cash 13 April 2016 HARARE - Zimbabwe's biting cash crunch has seen tobacco farmers spending days at the country’s tobacco auction floors waiting to withdraw money from banks. Farmers who spoke to the Daily News yesterday said the new system introduced by the government had brought more problems to them than solu...