BAT Kenya has raised the prices of nearly all of its cigarettes by up to Sh15 per packet in changes the company said are meant to pass increased taxes to consumers.
The price increments took effect on January 2. The Finance Act 2019 raised excise duty charged on cigarettes by 14.1 percent effective last November. The Nairobi Securities Exchange-listed firm said the higher taxes have made cigarettes made in Kenya expensive, adding that this has, in turn, fuelled smuggling of cheap products from neighbouring countries.
Wednesday, January 22, 2020
How opponents of vaping aid and abet Big Tobacco
Many opponents of vaping think the practice is a big tobacco conspiracy to keep people smoking and hook more kids. The reality is that vaping is a huge and disruptive threat to the tobacco industry. Campaigns against vaping support the cigarette market and are a huge gift to Big Tobacco.
For over a century, tobacco companies have run an incredibly lucrative cartel, selling an addictive product. Tobacco stocks have been the best performing segment of the stock market for over a century in spite of all-out tobacco control activities.