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Zim Leverages Economic Growth On Tobacco Value Chain, Dagga


BY NEWSANCHOR REPORTER

Government has given the nod to a  Tobacco Value Chain Transformation Plan (TVCTP) in an effort to maximise economic benefits from the golden leaf, as well as medicinal cannabis, by year 2025.

The blueprint, tabled in Cabinet Tuesday by Minister of Lands, Agriculture, Fisheries, Water and Rural Resettlement, Anxious Masuka, was approved to pave way for a value addition matrix so the economy derives full potential of the industry.

Addressing a post Cabinet media briefing in Harare, Information minister, Monica Mutsvangwa told journalists the plan will see the industry grow into a US$5 billion industry by 2025.

"Through localised tobacco financing an increased production, productivity with value addition and beneficiation in the tobacco industry will see an increase in cigarettes export and this will immensely contribute to gross domestic product, foreign currency earnings and employment creation," she said.

Mutsvangwa said the objective of the transformation plan is to increase localised funding for the industry to raise tobacco production from 263 million kilogrammes to 300 kilogrammes by year 2025.

The plan will see an increase in diversity and alternative crop production such as medicinal cannabis (dagga/mbanje) that will contribute to farmers' income by 25%.

The approved plan will ensure that the country increases the level of value addition and beneficiation of total tobacco from 2% to 30% through an increase of cigarettes exports.

The plan also seek to create an enabling environment for players in the tobacco and cannabis industry to set up value addition and beneficiation industries locally, and minimise the exports of raw tobacco products.

The TVCTP is expected to contribute significantly towards the attainment of the country's vision 2030 that will see an increase in household incomes.


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