The Central Bank of Zimbabwe announced last week a volume of tobacco sales reaching 237 thousand metric tons this year, raising the country’s growth forecast from 4.5% to 6%. This news (re)highlights the strategic importance of tobacco production in the Zimbabwean economy continually seeking foreign currency. This chart by Stake experts shows the evolution of tobacco production in the country since 2014.Read More
The news recently related that Electricity Supply Corporation of Malawi (ESCOM) acquired diesel-powered generators in order to reduce extended load shedding hours the country was facing since last year. This option should not be but temporary, given the strategically better possibility of an “energy alliance” with neighbor Mozambique.