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Zimbabwe wants South Africans other foreigners to build a dagga industry

23 October 2020 10:51 AM
Tags:
Zimbabwe
Farming
Dagga
Africa
Marijuana
Agriculture
Business Day
cannabis
cannabis industry
dagga farming
dagga commercialisation
dagga industry
Zimbabwe Investment Development Agency
Monica Mutsvangwa
Kevin Samaita

The cash-strapped country will incentivise foreigners to invest in a dagga industry that could generate R115bn per year by 2023.

The Zimbabwean government wants South Africans and other foreigners to grow dagga in that country.

Zimbabwe is impoverished but has vast agricultural potential.

Cabinet has approved incentives to entice foreigners to invest in its embryonic dagga industry.

© promesaartstudio/123rf.com

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It’s unclear what the incentives entail, but the Zimbabwe Investment Development Agency says it will release the details “soon”.

A competitive regime of incentives has been put in place to attract the needed investment. Details in that regard can be obtained through the Zimbabwe Investment and Development Agency.

Monica Mutsvangwa, Minister of Information - Zimbabwe

The Continent’s legal dagga industry could generate R115 billion per year by 2023 if more markets open up, according to Kevin Samaita (Business Day).


For more detail, read: Cash-strapped Zimbabwe to woo cannabis farmers – Business Day



23 October 2020 10:51 AM
Tags:
Zimbabwe
Farming
Dagga
Africa
Marijuana
Agriculture
Business Day
cannabis
cannabis industry
dagga farming
dagga commercialisation
dagga industry
Zimbabwe Investment Development Agency
Monica Mutsvangwa
Kevin Samaita

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