23 January 2018
   
ZRP ‘Idiot’ Charamba loses cop insult case
Gukurahundi: Blame govt, not me – says ED
SA: Jazz legend Hugh Masekela dies
Cholera: Angry minister blasts city councils
Mzembi challenges arrest; quits politics
Mudzuri: Amnesty for MDC-T cop murder 3
Mnangagwa: Grace mentally unstable
ZESA gave Chivayo $7m, not $5m: Parly
MORE NEWS
Govt reduces excise duty on fuel
Filthy 5-Star hotels: Economy blamed
MORE BUSINESS
‘Am I African’ explores Zim's race conflict
Gafa’s Epworth concert draws thousands
MORE SHOWBIZ
Billiat might still leave: Sundowns coach
Katsande: Chiefs show championship mentality
MORE SPORTS
Mnangagwa’s ‘New’ Zim merits support
Zhuwao: kleptocracy and EDiots in Davos
MORE OPINION
 
Mnangagwa off to Davos empty handed
Economy: the need for a paradigm shift
MORE COLUMNISTS
 
 

RBZ doubles export incentive for tobacco farmers to 12,5pct

18/11/2017 00:00:00
by Source.co.zw
 
 
RELATED STORIES

HARARE: The Reserve Bank of Zimbabwe (RBZ) says it will pay tobacco farmers an export incentive of 12,5 percent up from 5 percent, in a bid to spur production in the upcoming 2018 farming season.

Tobacco is the country’s third largest earner of foreign currency after Gold and Platinum.

In a joint statement on Friday, with the industry regulator, Tobacco Industry Marketing Board (TIMB), the central bank said the review was consistent with support given to other agricultural products to enhance production.

“In line with practice, the revised 12,5 percent export incentive shall be paid directly into the respective tobacco growers bank accounts on a monthly basis upon submission of sales information to the Reserve Bank by the Tobacco Industry and Marketing Board (TIMB),” the statement reads.

This year earnings from tobacco exports are projected to reach $980 million up from $933,3 million in 2016.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker