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Ethiopias Legal Cigarette Market Collapses 67%, Illicit Trade Surges After Tax Hikes : Study EBR_News Mar 12, 2026 Ethiopias legal cigarette market has contracted by an estimated 67 percent between 2019 and 2025, while illicit volumes more than doubled following aggressive excise tax increases, according to a new study commissioned by the National Tobacco Enterprise (NTE) and conducted by Oxford Economics Africa

Smoked two tins back to back

Morgane, 1865

With the vast majority of Richemont's watch brands based in Switzerland, the company was inevitably caught in the downturn

Ultimately, the IVM is not detectable during quantification, suggesting it does not stay bound to TMGMV