COVID-19 and harsh regulations blamed Kampala, Uganda | RONALD MUSOKE | Cigarette distributor, British American Tobacco (BAT) Uganda executives have attributed the company’s recent drop in revenue to the lingering impacts of the COVID-19 pandemic and stringent tobacco control regulations enforced by the government. In their half-year performance report ending June …
Read More »BAT Uganda net profit down 2% to Shs3.8bn
Illicit cigarette inflows continue to be the biggest headache to the country’s product distributor Kampala, Uganda | JULIUS BUSINGE | BAT Uganda, a distributor and seller of cigarettes in Uganda has reported a 2% decline in net profit to Shs3.8 billion for the six months of this year ending June 30, …
Read More »Smuggling, inflation stall cigarette industry recovery
Kampala, Uganda | THE INDEPENDENT | Shareholders of BAT Uganda will walk away with 209 Shillings for each share they hold, following the approval of a total of 10.3 billion Shilling in dividends for the year 2022. In his communication to the shareholders after resolutions of the Thursday Annual General Meeting, …
Read More »Covid-19, gov’t regulations impact tobacco revenues and taxes
Kampala, Uganda | THE INDEPENDENT | Uganda’s formal tobacco Industry continues to be impacted by a growing trade in illicit products, attributed to government policies which are otherwise aimed at protecting the industry. These include the implementation of anti-smoking regulations as well as the tax measures that are largely aimed at …
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