Tag Archives: British American Tobacco
British American Tobacco: Latest News
Kevin Mwanza, 5:05 am
Japan Tobacco Inc. (JT), the seller of Camel and Winston cigarettes outside the U.S., announced on Sunday it had won a bid to buy 40 percent of the National Tobacco Enterprise S.C. from the Ethiopian government for a record $510 million. JT said in a press release (in Japanese) that it has signed a share purchase agreement of $510 million with the Ethiopian Government for 40% of the total shares in the country’s tobacco monopoly after submitting a successful bid last May.
Staff, 12:37 am
Successfully expanding operations in Africa is crucial to the future fortunes of big tobacco companies. Smoking-related diseases cause 6 million deaths a year worldwide, making tobacco the largest preventable cause of death, according to health experts. The number of adult smokers Africa is projected to increase from 77 million in 2013 to 572 million by the end of the century.
Kevin Mwanza, 1:59 am
Shares in British American Tobacco Uganda (BATU) have continued to rise at the local bourse despite the company facing allegation of bribing officials in the East African country and issuing a profit warning on expectation that its earnings might drop by more than a quarter this year. Last week, a BBC investigative report claimed that the British company paid bribes to senior political figures and World Health Organization officials in East Africa
Kevin Mwanza, 12:21 am
British American Tobacco (BAT) has been accused of paying bribes to senior political figures and World Health Organization (WHO) officials in East Africa in order influence the outcome of anti-smoking laws in the region. The British company is said to have paid politicians in Kenya, Uganda, Burundi and Comoros Islands to support its positions during the negotiations
Ann Brown, 12:00 pm
From The Guardian One of Britain’s biggest companies has been accused of “blackmail” by a Ugandan MP spearheading tough new anti-smoking laws in his country. British American Tobacco, in conjunction with other leading tobacco companies, is using its considerable financial clout to oppose Dr. Chris Baryomunsi’s private member’s bill aimed at curbing smoking in a […]
Dana Sanchez, 4:35 pm
The illegal cigarette trade is estimated to cost South Africa nearly five billion rand a year. It’s considered one of the country’s largest organised crime enterprises, employing sophisticated networks to face off with the South African Revenue Service, IndependentOnline reports.
Ryan Hoover, 9:36 am AFKI Original
Why wouldn’t you want to be invested in companies with high foreign ownership? Well, foreign investors tend to be a bit flaky. They’re more influenced by happenings in their home country, and typically don’t invest for the long-term. As a result, these stocks are generally more volatile, so reducing their weighting results in more stable performance.
Dana Sanchez, 3:13 pm
Globally, there has been a shift in the importance businesses place on talent and people management within company structures – and this is very evident in businesses operating in Africa, says Samantha Crous with Top Employers Institute. “There is a great demand for talent and human capital and companies find themselves competing for the most experienced and skilled staff.”
- Real Estate