Tag Archives: Ethiopian Tobacco Monopoly

Ethiopian Tobacco Monopoly: Latest News

  • Japan’s JT Buys 40% Stake In Ethiopian Tobacco Monopoly For A Record $510M

    Ethiopian Tobacco Monopoly By 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.

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