Articles tagged 'british american tobacco'

BAT fails to remit $8m dividend 12 May 2017 HARARE - Zimbabwe's largest cigarette manufacturer, British American Tobacco (BAT), is failing to pay over $8 million in dividend to its offshore major shareholder, due to foreign payment delays. BAT finance director, Lucas Francisco, yesterday told the businessdaily that the cigarette manufac...
BAT agonises over cash shortages 28 February 2017 HARARE - Zimbabwe's largest cigarette manufacturer, British American Tobacco (BAT), is failing to pay over $5 million in dividend to its offshore major shareholder due to cash challenges. BAT finance director, Lucas Francisco, last week told the businessdaily that his company was negotiating w...
Economic decline smokes out BAT 27 April 2016 HARARE - Zimbabwe's largest cigarette manufacturer British American Tobacco (BAT) says its annual production for the year to 2015 fell from approximately 1,5 billion sticks to about 1,2 billion sticks, on the back of economic challenges. The company's head of manufacturing Moses Musarugwa yest...
BAT Zim posts $15,5m profit 19 February 2016 HARARE - Zimbabwe's largest cigarette manufacturer British American Tobacco (BAT) grew its net profit by 15 percent to $15,5 million in the full year to December 2015 from $13,4 million registered in the previous corresponding period in 2014. The company's finance director, Lucas Francisco, ye...
Savanna recruits ex-BAT boss 2 September 2015 HARARE - Nick Hales, the former British American Tobacco (BAT) Nigeria managing director, has been appointed Savanna Tobacco (Savanna)’s global chief executive, as the group seeks to expand its African footprint. The appointment, along with Douglas Mamvura’s as chief marketing officer, is part...
BAT doubles capital expenditure 24 February 2015 HARARE - Cigarette maker British American Tobacco Zimbabwe (BAT Zimbabwe) increased its capital expenditure to $2,2 million in the year to December 2014 from $1,2 million prior year. During the period under review, the Zimbabwe Stock Exchange-listed group registered a 256 percent increase in p...
Savanna plans $2m Moza plant 25 June 2014 HARARE - Cigarrette maker Savanna Tobacco (Savanna) plans to invest €1,5 million (about $2 million) in the construction of a packaging plant in Mozambique. The project is part of the manufacturer's regional expansion plan targeting southern Africa. “We have been exporting a lot of finished ...
BAT volumes flat 28 May 2014 HARARE - Cigarette manufacturer British American Tobacco (BAT) says its trading is flat, with volumes one percent lower in the five months to May 2014 compared to prior comparable period. Its managing director Lovemore Manatsa said he expects improved volumes in the second half of the year, ad...
Cigarette firms see red 14 February 2014 HARARE - British American Tobacco (BAT) is in a “twirl” amid reports that an assortment of its imported cigarettes is in violation of several public health regulations, it has been learnt. This comes as police authorities have ratcheted up seizures of a number of international brands, includin...
BAT to boost Zim Capex 3 February 2014 HARARE - Cigarette manufacturer, British American Tobacco (BAT), says it has invested $5,4 million in Zimbabwe over the past five years and plans to significantly boost capital expenditure (Capex) in the country this year. The group — producing an average 130 million cigarettes per month at 65...
BAT among top fiscus contributors 4 October 2013 HARARE - Listed cigarette-maker British American Tobacco Zimbabwe Holdings Limited (BAT Zimbabwe) has been ranked among the top contributors to the fiscus by the Zimbabwe Revenue Authority (Zimra). The group — which in 2012 contributed over $28,6 million in excise duty, value added tax, and ot...
BAT named top southern African employer 31 August 2013 HARARE - British American Tobacco has been certified as a top employer in southern Africa by the Top Employers Institute. Based on independent research, the Top Employers Institute said British American Tobacco offers its employees outstanding working conditions and looks after its staff excep...