Convinced that its earnings fall short of potential, Zimbabwe has set out to capture more value from its tobacco business.
By growing the crop and moving up the value chain, the country aims to build a $5 billion tobacco industry by 2025.
Will it succeed? Read our special report about the challenges and opportunities associated with Zimbabwe’s Tobacco Value Chain Transformation Plan.
Netherlands Rules Out Disposable Vape, Filter Bans
They said a national ban on disposable vapes would conflict with EU tobacco rules, despite concerns about environmental damage and fire risks linked to waste processing incidents.
FDA Memo Questions Flavored-Vape Reversal: AP
Regulators explained that the Glas flavored vapes “did not have to demonstrate added adult benefit,” because young people were unlikely to use them.
Nicotine Pouch Use Surging with Young Canadians
Researchers said the rapid growth was unexpected and noted that only about one-third of pouch users were cigarette smokers.
Indonesia Customs Seizes 8M Illegal Cigarettes
The shipment, valued at $710,000, included OK BOLD and imported Double Happiness cigarettes concealed under livestock feed on a truck traveling from Java to Sumatra.
Pouch Popularity Forcing Retailers to Reshape the Backbar
Retailers said regulatory uncertainty and rapidly changing manufacturer priorities are forcing constant adjustments to shelf space and assortment decisions.
PM Italia Fined €7M for ‘Smoke-Free’ Language
Philip Morris Italia rejected the findings and said it will appeal, arguing that the terminology complies with Italian and European Union regulations.
BlackRock Increases Stake in KT&G
BlackRock announced that it acquired an additional 467,350 shares of KT&G over the past four months, increasing its stake in the Korean company from 5.01%
Malaysian Police Want Vape Ban as Devices Used for Drugs
They said criminal syndicates are increasingly using vape devices to distribute new psychoactive substances, raising concerns about youth uptake and drug abuse.
Bangladesh Criticized for Minor Tobacco Tax Increases
The groups also expressed concern that prices for bidis, jarda, and gul remain unchanged.
Dentsu to Operate U.K. Track-and-Trace System
The new system is scheduled to become operational on July 1, 2022.
