BAT Kenya CEO Sidney Wafula on illicit trade, new nicotine products and tax policy
Nairobi, Aug. 20 -- Two significant changes have taken place at BAT Kenya in recent months. Chief executive Crispin Achola left the tobacco manufacturer after three years at the helm, while the company's chief financial officer also exited.
Mr Sidney Wafula, who had been BAT's director of finance for East and Southern Africa, replaced Mr Achola.
Two weeks ago, Mr Wafula oversaw his first financial results since taking charge, with revenue rising five percent and profit after tax growing three percent despite pressure from illicit trade and higher operating costs.
We sat down with Mr Wafula after the results to discuss his priorities, illicit cigarettes, modern oral nicotine products, taxation and regulation.
What is your priority as C...
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