New hope for debt-ridden smallholder tobacco farmers

May 22, 2025 / Staff Writer /
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In a press release dated 20 May, the Tobacco Industry and Marketing Board (TIMB) announced it would be offering debt relief to tobacco farmers who received loans under the Tobacco Inputs Credit Scheme (TICS) but have struggled to repay them due to economic difficulties, climate issues, and viability constraints.

Key relief measures include:

  • 50% discount for farmers who pay outstanding debts by May 31, 2025
  • Special consideration for relatives of deceased beneficiaries and elderly farmers (65+).

The program aims to restore creditworthiness and sustainability among tobacco growers while supporting Zimbabwe's goal to expand tobacco production to 300 million kilograms annually.

The announcement comes during the 2025 tobacco marketing season, with farmers having sold 189.2 million kilograms worth US$639.7 million as of May 16, 2025.

The TIMB also announced the upcoming first sale of Naturally Cured Virginia tobacco from Mangwe district on May 22.

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