Amidst the forex crisis in the country, Japan Tobacco International (JTI) paid 434 million dollars, in full, to buy the remaining shares owned by the government at the National Tobacco Enterprise, raising its stake to almost a billion dollars.
Recently, the nation drafted stringent laws to reduce the number of smokers, raising excise tax and preparing a new proclamation obliging the Enterprise to print graphic warning labels depicting tobacco-related health risks on its products.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article