Latest Breaking News On - Zimbabwe tobacco association - Page 7 : comparemela.com

Staff Reporter THERE are growing fears that earnings from tobacco, which remains touted as the country’s second single largest foreign currency earner after gold’s net export proceeds, might be far less in foreign receipts compared to other commodities because most of the contract schemes are sponsored using offshore funds. According to the state media, reports say after export, most of the proceeds remain offshore in the hands of funders and the country benefits less since it’s just a production platform. The central bank is on record that the country earns an average US$800 million from tobacco annually, but the huge amounts of money running into billions realised after value adding the cross as it circulates in global value chains is not enjoyed in Zimbabwe.

John mangudyaRodney ambroseMthuli ncubeZimbabwe tobacco associationSpread thisTobacco industryMarketing boardZimbabwe john mangudyaFinance minister mthuli ncubeTobacco associationரோட்னி அம்ப்ரோஸ்ஸிஂபாப்வே புகையிலை சங்கம்பரவுதல் இதுபுகையிலை தொழில்சந்தைப்படுத்தல் பலகைபுகையிலை சங்கம்