
Rainos Kamutsa, a 54-year-old contracted tobacco farmer in Hurungwe East, Mashonaland West province, is struggling financially despite cultivating tobacco. He travels nearly 80km to Karoi town to sell his crop and recently earned less than US$600 from 1,000kg of tobacco, with prices as low as 80 cents per kilogramme. This situation is common among many small-scale growers in Zimbabwe's tobacco sector, where a global oversupply is driving down prices, turning the once-celebrated "golden leaf" into a source of debt. George Seremwe, president of the Zimbabwe Tobacco Growers Association, expressed concern over the low prices and has submitted a request to the Tobacco Industry Marketing Board TIMB for increased prices to cover production costs. He called for government intervention through a viable local funding model, noting that many farmers are working for foreign-based companies, leading to local financial losses. An anonymous buyer from an international company stated that prices are expected to remain subdued due to global oversupply and urged TIMB to use market research to guide production targets for long-term sustainability. Tian Ze Tobacco Company, a major contractor, registered 220 farmers for the 2024/25 season, with numbers slightly dropping to around 190 for the 2025/26 season, and plans to focus on quality over quantity. Another merchant emphasized the need for local financing, as international companies often use offshore accounts. TIMB chief executive officer Emma
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.

Zimbabwe's hospitality sector is facing a significant funding deficit of US$30 million in preparation for the IATF 2029. In related news, Stanbic Bank has committed US$30,000 towards clean-up initiatives in Victoria Falls. Other developments include Fidelity unveiling Zimbabwe's first large-scale residential piped gas project and the ZMX reporting rising confidence with trades reaching US$1.28 million. Zimbabwe also commissioned a specialized honey testing laboratory to enhance export competitiveness and delivered a historic milestone by hosting world-class Table Tennis regional championships. Political tensions at grasslands plots have led to violent attacks and forced evictions, while squatters continue to struggle with trauma from Gukurahundi and state-sponsored violence. The VFEX shows stability, though underlying value is masked, and there are concerns that Zanu PF may ambush Zimbabwe towards a referendum. Despite outdated equipment, Zimbabwe's para-athletes are achieving success, and junior water polo teams are poised for global recognition.
Must ReadZimbabwe has commissioned a specialized honey testing laboratory, a move aimed at enhancing the country's export competitiveness in the honey market. This initiative is expected to support local honey producers in meeting international quality standards and accessing global markets.
Must ReadStanbic Bank has committed US$30,000 to support clean-up initiatives in Victoria Falls. Separately, former legislator Dubeko has filed a challenge with the Constitutional Court regarding President Mnangagwa's term extension. Other news includes government efforts to revive the cotton industry, rising confidence in the Zimbabwe Mercantile Exchange ZMX with trades reaching US$1.28 million, and a report on ART operations being affected by power outages and raw material shortages, leading to a 6% decline in exports and a 26% decline in paper division volumes in the third quarter to June 2022. Additionally, Zimbabwe has commissioned a specialized honey testing laboratory to enhance export competitiveness.