Zimbabwe ranks among highly concentrated tobacco-dependent economies – official

Date:

Xinhua


Zimbabwe now ranks as one of the most highly concentrated tobacco-dependent economies globally, a cabinet minister said on Tuesday.

Addressing a post-cabinet media briefing in the Zimbabwean capital of Harare, Information, Publicity and Broadcasting Services Minister Zhemu Soda said tobacco accounts for approximately 10 to 15 percent of Zimbabwe’s agricultural GDP, a percentage significantly larger than in other top global producers like Brazil.

Between 2025 and 2026, Zimbabwe’s tobacco exports surged by 62.3 percent in volume and 67.5 percent in value, with China remaining the primary destination by accounting for roughly 60 percent of total exports, Zhemu noted.

Tobacco is a crucial agricultural export earner for the country, which produced 354.8 million kilograms of the “golden leaf” worth 1.2 billion U.S. dollars during the 2024/2025 production and marketing season.

Under the newly implemented Tobacco Value Chain Transformation Plan for 2026-2030, Zimbabwe aims to increase its annual output to 500 million kg and build a 7-billion-dollar tobacco industry by 2030 through enhanced productivity, local value retention, and export market diversification

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted

Your Opinion Poll

Related articles

Liquidity challenges choke Willdale, sales volumes drop

LISTED brick manufacturer Willdale Limited continues to grapple with severe liquidity pressures that have constrained production and prevented...

Parliamentary Portfolio Committee blocked from touring Hwange Colliery  

A PARLIAMENTARY Portfolio Committee was recently turned away from Hwange Colliery Company Limited after management said it had...

Kenya’s sugar imports ban chokes Zimbabwe producers as volumes decline by 59%

SUGAR imports ban imposed by Kenya has severely impacted local producers with export volumes tumbling by 59%, prompting...

Old Mutual returns to Zimbabwe market after six years

Bloomberg Shares in Old Mutual began trading on Zimbabwe’s dollar-denominated stock exchange, six years after they were suspended on...