British American Tobacco

British American Tobacco Zimbabwe (BAT) is entangled in a US$16 million blockage of funds by the Reserve Bank of Zimbabwe (RBZ).
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Zimbabwe’s biggest cigarette maker has doubled tax remittances to government following a rebound underpinned by steeper demand as smokers trooped back in the aftermath of COVID-19 pandemic-induced restrictions.
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Rampant illicit trade of cigarettes on the streets is fast becoming a challenge to local cigarette firms as well as the economy in general, industry experts have warned.
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One of Zimbabwe’s leading agricultural concerns, Ariston, says it is planning to give its employees a 20 percent ownership stake in the company. Ariston’s company secretary Rufaro Chinamo yesterday said the agriculture-focused firm…
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HARARE - Zimbabwe's announcement that several multinational companies had a 14-day ultimatum to submit “acceptable indigenisation proposals” has caused panic among foreign investors.
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