Company Desription

NTE was established in 1935 as Imperial Ethiopian Tobacco Monopoly, the National Tobacco Enterprise (Ethiopia) S.C (NTE) has a strong Ethiopian heritage and the global outlook of its parent company, Japan Tobacco International (JTI).
 
JTI is a leading international tobacco products company and the main shareholder in NTE. It owns 71% of the shares of NTE acquired from the Government of Ethiopia in 2016 and 2017. This is the biggest investment by a Japanese company in Ethiopia to date.

Currently, the Company is among the top public enterprises in terms of annual turn over, profitability, and its contribution to the economy as a whole.  Annual turn over has continually increased, on average by Birr 190 million, during the previous five years period.  Similarly, its contribution to the economy in terms of taxes paid, dividend to the shareholders and job creation to the citizen as a whole is persistently increasing.  Annual tax related contribution to the economy (VAT, Excise tax, Income tax, dividend tax etc) has currently reached more than Birr 700 million. In addition to this, the Enterprise with one cigarette factory at Addis Ababa and four tobacco development farms at Shewa Robit, Awassa, Bilatie and Wolaita has employed more than 934 permanent employees and 3,305 temporary and casual workers.

The enterprise, in its five years strategic plan, has aimed and diligently working towards a greater market expansion with a vision of exporting cigarettes subsequent to the full satisfaction of domestic demand.  Accordingly, due attention is given to the expansion of new tobacco development farms besides upgrading the existing farms with the objective of domestically covering the factory’s tobacco leaf demand; thereby saving a substantial amount of foreign currency.   Moreover, the management of the enterprise is thriving to achieve a competitive advantage through cost leadership and differentiation