Every year, the government of Uganda loses at least USh30 billion (more than $8 million) in the illicit trade of cigarettes.
In an interview with Bloomberg, Mathu Kiunjuri, MD of British American Tobacco’s local arm (BAT Uganda), said today that one in five cigarettes in the country is counterfeit, whereas 10 years ago only one in ten was, which shows how alarming the situation is.
“Some of the cigarettes are marked made in South Sudan, Kenya or Uganda, while many do not show origins,” he said. However, despite these challenges and the growing tax burden, Mr. Kiunjuri said BAT Uganda expects a new profit growth this year, from the USh15.7 billion ($4.3 million) last year. The company holds 80% of shares on the Ugandan cigarette market.
Espoir Olodo
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Circular migration is based on structured, value-added mobility between countries of origin and host...
President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
Urban employment reached 53.7% in WAEMU in early 2025 Most jobs remain informal, low-paid, and in...
Sonangol raised $750m via its debut international bond, a five-year private placement, marking a key step in Angola’s return to global debt...
Gold production rose 10% year on year, reaching 1.21 mln ounces in 2025. Lafigué delivered its first full year of output, offsetting declines at other...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and expansion strategies Fintech leads deals as “Big Four”...
Galiano Gold will invest at least C$17mln in gold exploration in Ghana in 2026. The budget is up 70% year on year and targets reserve growth at the...
The Khomani Cultural Landscape is a cultural site located in northern South Africa, in the Northern Cape province, near the Kgalagadi Transfrontier Park....
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...