ETHIOPIA’S LEGAL TOBACCO SECTOR GROWS AS COUNTERFEIT TRADE DECLINES
August 1st, 2007
BY PAUL COCHRANE, in Addis Ababa
ETHIOPIA'S tobacco sector is growing at a robust 4% a year, and is estimated to be worth some US$131.5 million (Ethiopian Birr 1.19 billion). But while growth has remained steady in recent years, near endemic levels of smuggled cigarettes are curbing further growth despite attempts to stamp out illicit brands coming into the country from neighbouring African states.
Ethiopia's legitimate tobacco market is dominated by the National Tobacco Enterprise (NTE), which was turned into a private share company in 1999, with 61.4% share of ...
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