British American Tobacco, RetailMay 20, 2019

Duo Director exit at BAT following a resignation and retirement
British American Tobacco Plc. Zambia announced the exit of two Directors from the company effective 30th April 2019. BAT is a major distributor of cigarettes in Zambia and one of the two companies that have opened factories in Lusaka’s MFEZ which has had a positive impact on the company’s revenues as the move cooled off […]

British American TobaccoApril 17, 2019

BAT Joins Prima Reassurance in Postponing AGM
On April 12, BAT Zambia investors became the latest key stakeholders who will have to wait a little longer for their annual general meeting following a notice from the company’s Board postponing the event. Prima Reassurance recently announced that their much anticipated AGM would be further pushed back to an unknown date to be advised […]

British American Tobacco, RetailApril 10, 2019

Sin Lee fits the shoe. Bata has a new Don
On 3rd April, investors were informed through SENS announcement that the Board of BATA was parting company with their Managing Director Prosper Bachi who had served at the helm of the shoe maker in Zambia for more than 15 years. The shoe maker had recently announced increasing its turnover by 10% for the 2018 financial […]

British American Tobacco, RetailSeptember 9, 2018

BAT Smokes Success at 2018 Half Year
Board Chairman Micheal Mundashi and BAT Zambia have come a short way from their announcement on 27 February 2018 were his company secretary Valentine Kabonga sadly informed shareholders that the company expected to record a loss before tax of approximately ZMW 14,973,000 for the year ended 31 December 2017. Fast forward 6 months and investors […]

British American Tobacco, RetailMarch 2, 2018

BAT Zambia Smokes itself to LBT in 2017
When the SENS Announcement of 27th February 2018 came out from British America Tobacco Zambia that they were expecting a loss before tax (LBT from the income statement) we were in awe of the magnitude K14.9 million that would be reflected when the financials would be officially published. As a recap, in their 2016 annual […]

British American Tobacco, StrategyDecember 15, 2017

The Forces of Competition in Zambia’s Tobacco Industry
When the announcements came from Roland Imperial Tobacco (RIT) and British America Tobacco (BAT) of their USD80 million and USD15 million (respectively) investments in setting up their local cigarette manufacturing plants in Lusaka South Multi-Facility Zone, we could not help but wonder about some of the competitive forces in Zambia’s tobacco industry. Recap. In 2016 […]

Agriculture, British American TobaccoOctober 3, 2017

BAT Re-positions, with cash in mind
When news of the BAT extra ordinary meeting (EGM) reached our desks through SENS announcement of 29th September, we were worried that the firm had finally given up and was now considering exit (following recent statements from the firm following their impending loss in excess of K100million, you cannot blame us). However, much to our […]

British American Tobacco, StrategySeptember 18, 2017

BAT Zambia headed to a new Nash equilibrium
BAT Zambia’s competitive landscape indicates that the firm is currently in a battle with other established players for 70% of a “legal” market. The other 30% currently belongs to illicit cigarette traders. Annual report after annual report has seen their Chairman Michael Mundashi consistently complain about the unwelcome competitive forces of illicit cigarettes. When assessing […]

Agriculture, British American TobaccoSeptember 18, 2017

Tobacco in peril in Zambia
The Tobacco value chain in Zambia is in peril. Last week, the CEO of BAT Zambia Godfrey Machanzi stated that the company had recorded a K100m loss in what has now becoming a downward trend in their performance. He indicates that the continued existence of the competitive force of illicit cigarettes has continuously and consistently […]

British American Tobacco, FinanceApril 3, 2017

BAT Zambia – War against illicit trade
In 2016, Michael Mundashi’s board ushered in a new managing director in Godfrey Machanzi (an engineer turned MBA) and finance director Nigel Curran both legacy employees of the tobacco giant (24 years of combined years of service to date). Michael cites bearish 3% GDP growth, slump in global commodity prices, low energy generation in the […]