Savanna Tobacco ropes in Indian partner - Chronicle
New Delhi — Savanna Tobacco has partnered an Indian cigarette manufacturer in pursuit of a strategy to grow its footprint outside Africa, a senior company official has said. Savanna executive chairperson Adam Molai told New Ziana here on the side lines of the third India- Africa Forum Summit that the cigarette producer intended to grow beyond Africa. “We’re looking at other opportunities, what we’ve done is we’ve teamed up with a very big producer in India and we’ve gone into a joint venture and within the next few weeks we’ll be making an announcement about a significant investment that we’ll be spearheading,” he said. Asked to shed more light on the partnership, Molai said: “It’s premat...
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