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
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
WAEMU posts 3.31 trillion CFA francs trade surplus in Q4 Exports surge 50.4%, led by gold, ...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Government keeps retail fuel prices unchanged for April 2026 Brent crude rises above $90 amid Middle East tensions Subsidies and price...
Funding targets skills development, jobs, and support for vulnerable households Programs expected to benefit over 3 million people The World...
Plan aims to grow sector value to $74 billion Focus on modernization, infrastructure, and boosting productivity across value...
Ghana introduces new airport levy raising passenger travel costs Airlines warn higher fees threaten demand and regional integration...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...