Changes to Egypt’s tobacco licensing could end monopoly

Egyptian authorities have proposed an amendment to the terms under which tobacco companies bid for a cigarette manufacturing license. Under the new regulations, tobacco companies will be required to commit to producing 1 billion cigarettes per year, compared with the previous commitment of producing 15 billion cigarettes per year. The new requirements could end the long-standing monopoly by the state-controlled Eastern Company that currently owns 70% of the market.

Source: https://www.reuters.com/world/middle-east/exclusive-egypt-amends-tender-terms-cigarette-making-licence-document-2021-06-02/