Posts Tagged ‘Kenya’

Bat Calls for Review of Cigarette Tax

BRITISH American Tobacco Company has faulted the recently introduced tier based excise tax regime on cigarettes saying it is not sustainable for the industry and should be revised. Speaking during the company’s 59th annual general meeting in Nairobi yesterday, the firms management expressed concern over the impact the current excise tax regime could have on its business in the long term. “We need the government to have a clear sustainable position on excise tax. The idea of changing the structure six months after budget reading in December makes it difficult for businesses to forecast,” noted BAT Managing Director Gary Fagan. ... read more >>

BAT eyes Sudan as cigarette sales in Kenya stagnate

British American Tobacco Kenya (BAT) is set to venture into Southern Sudan to expand its export business as the local market comes under increasing regulatory pressures. The cigarette manufacturer said it was finalising talks with the Southern Sudan government to begin supplying that market by year-end, a move that is expected to grow its export business that absorbs 62 per cent of its production. ... read more >>