Streaming issues? Report here
CapeTalk logo 2017 1500 x 1500 CapeTalk logo 2017 1500 x 1500
Best of CapeTalk
00:00 - 03:00
volume_up
volume_mute

Up Next: Weekend Early
See full line-up
Best of CapeTalk
00:00 - 03:00
Home
arrow_forward
Business
fiber_manual_record
Africa

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.


Related articles:


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

More from Business

Ford Family 3

"Backdoor dealings" in Ford Kuga settlement, claims Reshall Jimmy's sister

27 November 2020 1:13 PM

The sister of Ford Kuga fire victim Reshall Jimmy claims there were some underhanded tactics involved in her brother's case.

Share this:
Read More arrow_forward

magda-wierzyckajpg

Offshore investment row: Asisa didn't consult properly says Magda Wierzycka

26 November 2020 8:51 PM

Bruce Whitfield interviews Wierzycka (Sygnia CEO) and Asisa's Leon Campher after Treasury's u-turn on pension fund investments.

Share this:
Read More arrow_forward

ecommercejpg

Three questions to ask yourself before being sucked into the Black Friday frenzy

26 November 2020 7:45 PM

There's a danger of making bad choices when logic goes out of the window. Stuff magazine's Toby Shapshak has some pointers.

Share this:
Read More arrow_forward

eoh-execpng

It was a massive relief when Zondo Commission approached me - EOH CEO

26 November 2020 6:44 PM

Stephen van Coller's come clean about the dirty dealings at EOH before his tenure. He talks about uncovering the corruption.

Share this:
Read More arrow_forward

Wheat farm farmer agriculture farming 123rf 123rfbusiness

South African farms produce largest wheat harvest in many years

26 November 2020 3:14 PM

SA’s farms are wildly productive right now. Summer crop projections look excellent, says agri-economist Dr Kobus Laubscher.

Share this:
Read More arrow_forward

123rf A pile of two hundred rand notes, South African currency money

Rand at best level in 9 months

26 November 2020 2:10 PM

The last time the rand was this strong against the dollar was in February, about a month before things went utterly pear-shaped.

Share this:
Read More arrow_forward

Table Mountain Blouberg Beach 123rfSouthAfrica 123rflifestyle 123rf

Google to land its new R2.2 billion cable in Melkbosstrand near Cape Town

26 November 2020 1:24 PM

"Google's new cable will land at Melkbosstrand, shoring up our positioning as Africa’s tech hub," says Wesgro CEO Tim Harris.

Share this:
Read More arrow_forward

Coding computer programming

Free coding course – with a job at the end (R240 000 per year starting salary)

26 November 2020 11:42 AM

Tell your people! About 98% of WeThinkCode_'s tuition-free students find permanent employment upon graduating.

Share this:
Read More arrow_forward

banking-clientjpg

Absa, Discovery Bank come out tops for resolving customer complaints

25 November 2020 9:15 PM

The Banking Services Ombud's awards for 2020 went to one of the 'Big Five' and one of the smaller banks, reports Wendy Knowler.

Share this:
Read More arrow_forward

leonistajpg

Local brewer of agave spirits aiming to change SA culture around tequila

25 November 2020 7:56 PM

Leonista's made from agave grown in the Karoo. The spirit you get from it is unique and high energy says founder Sarah Kennan.

Share this:
Read More arrow_forward

More from Africa

Nigerian Naira banknote Ugandan shilling bill 123rfbusiness 123rf

Take heart – African financial markets are innovating, the pandemic shows

24 November 2020 11:35 AM

Covid-19 shows how African financial markets have developed since the 2008 Global Financial Crisis, says George Asante (Absa).

Share this:
Read More arrow_forward

flag-of-Ethiopia-soldiers-arm-army-troops-military-conflict

Tigrayan leaders 'locked in combat' as armed conflict in Ethiopia continues

18 November 2020 5:53 PM

Violence is escalating in Ethiopia, with fears that the conflict could escalate into civil war.

Share this:
Read More arrow_forward

bush

South African borders are known to be porous – Malawian journo on Bushiri escape

18 November 2020 1:42 PM

Shepherd Bushiri is far more popular in South Africa than in Malawi (his home country), says Malawian journalist Yvonne Sundu.

Share this:
Read More arrow_forward

bushiri

Warrant of arrest issued for Bushiris as part of extradition process

16 November 2020 6:40 PM

A warrant of arrest has been issued for self-proclaimed prophet Shepherd Bushiri and his wife, Mary, after the duo skipped bail and fled to Malawi.

Share this:
Read More arrow_forward

Cape Town, South Africa aerial view shot 123rflifestyle 123rfSouthAfrica 123rf

Cape Town – still without tourists - wins big at the 2020 World Travel Awards

10 November 2020 2:20 PM

Breathtakingly beautiful Cape Town is winning tourism awards left, right and centre. If only there were tourists.

Share this:
Read More arrow_forward

Black Panther movie poster 123rf

[EXCLUSIVE INTERVIEW] Nambian President Mimi Sio wa Kweli on the US election

6 November 2020 2:14 PM

"In my country, we have a beautiful, beautiful saying: You are fired!" says Nambian President for Life Mimi Sio wa Kweli.

Share this:
Read More arrow_forward

TikTok 123rf 123rfbusiness 123rfworld 123rflifestyle

TikTok signs first African influencer partnership with SA-inspired company

29 October 2020 8:24 PM

You could benefit as TikTok expands its African footprint. The Money Show interviews Webfluential CEO Ryan Silberman.

Share this:
Read More arrow_forward

rainbow-flag-lgbtiq-lgbt-lgbti-gay-rights-homosexuality-law-gavel-court-123rf

Trial of 47 Nigerian men charged with homosexuality expected to resume this week

26 October 2020 12:40 PM

A major court case will be heard in Nigeria this week, which could test the country's laws against homosexuality.

Share this:
Read More arrow_forward

kabwe-map2jpg

Anglo American being sued for lead poisoning over decades in Zambia

21 October 2020 8:25 PM

A class action suit holds Anglo responsible for lead poisoning from the Kabwe Mine, affecting 'generations of children'.

Share this:
Read More arrow_forward

bubu-ogisipng

Meet Bubu Ogisi, the designer using unique garments to tell Africa's story

21 October 2020 4:15 PM

Nigerian-born fashion designer Bubu Ogisi says her goal is to help shift perceptions about what African fashion is.

Share this:
Read More arrow_forward