TIMB

One of the four tobacco companies that were cherry-picked by controversial Tobacco Industry and Marketing Board (TIMB) bosses to receive inputs worth US$2 803 376 on Tuesday dodged National Assembly scrutiny amid allegations that it bribed…
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Zimbabwean tobacco farmers have so far earned $400 million after 42 days of marketing from 138 million kilogrammes as expectations are high that the 2018 sales will reach 200 million kg.
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Zimbabwe has earned $827,4 million from 166,6 million kilogrammes of tobacco exported mainly to South Africa and China since the beginning of 2017.
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Zimbabwe’s tobacco production has so far outpaced the previous year by most measures including volume and value sold.
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With the current acute cash crisis worsening by the day, experts have made renewed calls for the country to adopt the South African rand as Zimbabwe’s anchor currency, to stem an impending economic implosion.
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