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
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...
Ecobank named alongside AfDB, ECOWAS, EBID and BOAD in the April 27, 2026 corridor financing mis...
The institution said the outlook for commodity prices remains subject to significant risks, including a longer-than-expected duration of hostilities in...
DRC plans new submarine, regional links to boost connectivity Country relies on two cables amid outages, limited redundancy Expansion aims to cut...
Transtu to acquire 48 railcars for metro and TGM lines €160 million EBRD-backed plan supports rail upgrades and expansion Government targets 36...
ArcelorMittal Q1 iron ore output falls 3.2% to 9.7 million tons Liberia operations hit record output amid $1.8 billion expansion Company targets...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....