No Result
View All Result
Thursday, March 23, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Ghana Best Cocoa Farmers Association lauds COCOBOD boss

    Consider cocoa pricing in your legislation – COCOBOD CEO to EU

    Fitch upgrades Ghana’s Long-term local-currency IDR from ‘RD’ to ‘CCC

    Producer Price Inflation drops to 50.8% in February 2023

    Growth and Sustainability Levy will stifle growth of local oil service companies – Upstream Petroleum Chamber

    Peasant farmers reiterate calls for construction of Pwalugu Multi-Purpose Dam

    ECG disconnects GRA, KFC, Ho Airport others from power grid

    GRA monitoring team retrieves over GHC85m revenue shortfall

    Finance Minister leaves for China for debt negotiations

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Industry experts convene to discuss diversification strategies for pension funds

    It’s time to give women top posts in multilateral institutions – GCBL Chairman 

    Global Chamber of business leaders enters into partnership with IEFS

    Gold for Oil policy will save Ghana $4.8bn annually – Veep

    Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023

    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

    Abena Amoah named in WFE’s top 20 women leaders

    International Women’s Day: Female engineering students tour Karpowership

    BoG directs banks to submit prudential reports on sex-disaggregated basis

  • TECHNOLOGY

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Ghana Best Cocoa Farmers Association lauds COCOBOD boss

    Consider cocoa pricing in your legislation – COCOBOD CEO to EU

    Fitch upgrades Ghana’s Long-term local-currency IDR from ‘RD’ to ‘CCC

    Producer Price Inflation drops to 50.8% in February 2023

    Growth and Sustainability Levy will stifle growth of local oil service companies – Upstream Petroleum Chamber

    Peasant farmers reiterate calls for construction of Pwalugu Multi-Purpose Dam

    ECG disconnects GRA, KFC, Ho Airport others from power grid

    GRA monitoring team retrieves over GHC85m revenue shortfall

    Finance Minister leaves for China for debt negotiations

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Industry experts convene to discuss diversification strategies for pension funds

    It’s time to give women top posts in multilateral institutions – GCBL Chairman 

    Global Chamber of business leaders enters into partnership with IEFS

    Gold for Oil policy will save Ghana $4.8bn annually – Veep

    Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023

    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

    Abena Amoah named in WFE’s top 20 women leaders

    International Women’s Day: Female engineering students tour Karpowership

    BoG directs banks to submit prudential reports on sex-disaggregated basis

  • TECHNOLOGY

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Zimbabwe’s tobacco revenue up in smoke due to El Nino

bycitibusinessnews
April 25, 2016
in Africa, Southern Africa
Share on FacebookShare on TwitterShare on Whatsapp

Shouting, sweating and stamping their feet, dozens of farm labourers fill Tinago Chisvo’s makeshift office to demand their money, as the tobacco farmer desperately tries to explain the crisis that has hit his farm. Nobody listens.

“We don’t want to hear stories,” bellows one angry labourer. “You must just pay us for the job we did for you!”

But Chisvo has no money to give them. Like many of Zimbabwe’s tobacco farmers, he ignored warnings of an impending El Nino-induced drought and continued planting.

ADVERTISEMENT

But the rains he relies on never came, and his crop in Mutoko district in Mashonaland East Province, a rural district 143 km east of Harare, has been devastated.

“I am heavily in debt because my tobacco this year gave me very little cash in return, which will all go toward settling my debts, first with workers and second with banks that capitalised my venture,” Chisvo told the Thompson Reuters Foundation.

Zimbabwean tobacco farmers hit by El Nino’s scorching heat and lack of rain are reeling, forced to sell what remains of their poor-quality crops for a third of what they charged last year.

Without the money they usually make selling the so-called “golden leaf”, they and their families face joining the millions across the country who are increasingly hungry.

FAILING TO ADAPT

Zimbabwe’s tobacco farmers knew trouble was coming. In 2015, the Meteorological Department (MET) warned that the country was likely to be affected by the El Nino weather phenomenon, a large-scale climate-pattern shift linked to the periodic warming of sea surface temperatures in the equatorial Pacific.

Other experts agreed, with the Consultative Group on International Agricultural Research (CGIAR) also predicting that chances of El Nino conditions manifesting themselves by the end of 2015 were as high as 80 percent.

But many farmers like Chisvo either couldn’t or wouldn’t act on the warnings.

“I knew about El Nino after I had already started planting my tobacco,” said Chisvo. “Had I opted to change my plan soon after receiving the warning, I wouldn’t have fallen in the current crisis.”

A season of low rainfall has prompted the government’s Tobacco Industry and Marketing Board (TIMB) to drop projections of Zimbabwe’s 2016 tobacco output to 170 million kilograms.

That figure is a 14 percent fall from the 198 million kilograms produced last year, and that was already less than 2014’s output of 216 million kilograms.

“The tobacco industry has not been spared by climate change,” TIMB Chief Executive Officer Andrew Matibiri told the Thomson Reuters Foundation.

Tobacco farmers are selling their crops for as little as 50 cents per kilogram, compared with last year’s average price of $2.83 per kilogram.

In 2015, Zimbabwe’s tobacco industry raked in $584 million; this year, experts predict sales will only reach about a third of that, approximately $194 million.

GROWING HUNGER

According to TIMB, some of Zimbabwe’s tobacco farmers took heed of last year’s warnings and chose to put their farming on hold, and instead use their money to buy enough food to carry their families through the season.

But thousands of others continued farming – a decision that TIMB chairwoman Monica Chinamasa applauds.

“This tobacco season has been unique, with erratic rains, but we are happy that tobacco farmers have been resilient and remain working on their fields,” she said.

Many of those farmers, however, are regretting their decision.

“What clogged my head was the desire to make money as usual,” said Mutoko tobacco farmer Albert Kazingizi. “Personally, I didn’t take the warnings seriously.”

As they deal with the disappointment of losing much of their crop to El Nino, Zimbabwe’s tobacco farmers now also face a graver threat: hunger.

The southern African nation is grappling with a widespread food crisis, with the U.N.’s World Food Programme putting the number of Zimbabweans at risk of starvation at 4 million.

In March, the government appealed for $1.6 billion to buy maize to feed its citizens.

For many of the country’s tobacco farmers, the hunger is just beginning.

“I have no option except to face the effects of … the El Nino phenomenon after I went against the warnings of the looming tragedy,” lamented Letwin Zengeni, a single mother of four from Marondera in Mashonaland East Province.

–

Credit: CNBC Africa

Related Posts

Africa

Medical devices market projected to expand by $ 7.1 billion by close of year

byEmmanuel Oppong

The Federation of Africa Medical Equipment, Disposal and Devices is projecting that the medical devices market will expand by $...

Read more

African Union adopts Africa Prosperity Dialogues AfCFTA action plan

Third World Network Africa urges Africans to be strategic about AfCFTA

$130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

Nigeria’s national debt hits an all time as the country struggles with repayment

What does 2023 hold? Predictions in payments for the year ahead for Africa

Next Post

Is S.A's cabinet overreaching in the banks and Guptas' saga?

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.