One month after the opening, Japanese investors have not yet paid for their share of National Tobacco Enterprise
The failure of Japanese Tobacco International (JTI) to pay the half a billion dollars it offered in the bid for a 40pc share of the Ethiopian National Tobacco Enterprise (NTE) has delayed the transfer of the shares. The Ministry of Public Enterprise had sent a letter of award signed by Meseleche Wodajo, state minister, to the company demanding settlement by June 8, 2016.
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