Tag: Tobacco

A couple of weeks after the transfer of 30 percent stake belonging to the Ethiopian government in the National Tobacco Enterprise (NTE) SC to Japan Tobacco International, the company has assigned a new Chief Executive Officer (CEO) to spearhead its operation in Ethiopia, it was learnt.

The Government of Ethiopia has decided to transfer its last remaining 30 percent stake in the National Tobacco Enterprise SC to the Japanese tobacco giant, Japan Tobacco International (JTI), at a total cost of USD 434 million.

The Government of Ethiopia has decided to transfer its last remaining 30 percent stake in the National Tobacco Enterprise to the Japanese tobacco giant...