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.
FDA’s Koplow to Address NATO’s Anniversary Event
Koplow is expected to discuss regulatory developments involving the CTP.
LT Group Hits Record Income on Banking, Tobacco Gains
Fortune Tobacco’s net income rose 13% to 98.6 million, supported by higher equity earnings from its 49.6%-owned associate PMFTC Inc.
FRE Launches Limited-Edition Platform
The products will be offered in 6mg and 12mg nicotine strengths and sold exclusively online, with additional flavors to be revealed as the series progresses.
UK Sets New Vape, Nicotine Rules for October
From Oct. 29, the UK’s minimum retail age of 18 will apply to all vaping and consumer nicotine products, including zero-nicotine vapes, nicotine pouches, strips, and pearls.
BAT Expands Technology Partnership with ITC Infotech
ITC Infotech will provide technology services to BAT in Poland, Romania, and India
Black Buffalo Ranks Among Fastest-Growing Private Companies
Chief Growth Officer Matthew Hanson said the company’s team “works relentlessly and responsibly” to continue the company’s growth.
Imperial Preparing Thousands of Job Cuts: Bloomberg
A spokesperson said the changes would “have an impact across our global market footprint” but did not disclose the number of positions affected.
Australia Launches Nationwide Illegal Tobacco Crackdown
The Australian Bureau of Statistics estimates illicit tobacco, vapes and loose-leaf tobacco accounted for about 80% of tobacco and nicotine consumption in 2025.
Ireland Reviews Tobacco Affordability
Cigarette taxation has increased the price of a 20-pack by 24% since 2020, while average weekly earnings have risen 28%, potentially making tobacco more affordable.
Dentsu to Operate U.K. Track-and-Trace System
The new system is scheduled to become operational on July 1, 2022.
