From Tobacco to Cotton: The Expansion of Ethical Holdings Under David Machingaidze

January 16, 2026

In the dynamic landscape of Zimbabwe's agribusiness sector, few stories are as compelling as the expansion of Ethical Holdings under the visionary leadership of David Machingaidze. This article delves into the strategic decisions and ethical principles that guided the company's successful diversification from tobacco to cotton production.

The Genesis of Ethical Holdings

Ethical Holdings began as a social entrepreneurship initiative aimed at supporting small-scale tobacco farmers. David Machingaidze, drawing from his extensive experience in the tobacco industry since 2000, recognized the potential to make a positive impact on often overlooked and mistreated small-scale farmers.