Wed, 14 Feb 2018 09:48:09 +0000 By MAILESI BANDA TOBACCO production is a lucrative investment opportunity for Zambia because it is 7.5 times more profitable per hectare than maize, says Roland Imperial Tobacco Company (RITCO), general manager, Aliport Ngoma. Mr Ngoma said the crop was also 14 times more profitable than cotton and had great potential to contribute to the growth of the economy through employment generation, wealth creation and foreign exchange earnings. Speaking in an interview with the Daily Nation, Mr Ngoma said the tobacco industry had continued to increase its contribution to the growth of the economy through the creation of jobs for growers. He noted that the tobacco industry currently employed more than 450,000 people with over 2.34 million dependents, which was nearly 20percent of Zambia’s population. “Tobacco production is a lucrative investment opportunity in Zambia because it is 7.5 times more profitable per hectare than maize production and fourteen times more […]
