Monday, August 15, 2022

Coca-Cola to invest $90 million in Kenya

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Isaac Kaledzi
Isaac Kaledzihttps://en.wikipedia.org/wiki/Isaac_Kaledzi
Isaac Kaledzi is an experienced and award winning journalist from Ghana. He has worked for several media brands both in Ghana and on the International scene. Isaac Kaledzi is currently serving as an African Correspondent for DW.
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Giant soft-drink producer, Coca-Cola on Tuesday said it would be investing $90 million in Kenya to expand its products for a three year period.

This investment will help in increasing Coca-Cola’s product range in the East African nation which is the biggest economy in the region, Reuters reports.

Coca-Cola said in a statement that “It brings the total investment by The Coca-Cola Company in Kenya, between 2016 and 2018, to $90 million.”

Kenya is a major market for the company’s brands like Coke and Fanta.

With competition emerging from companies like SABmiller and PepsiCo, Coca-Cola has said it will produce a wider range of soft drinks in the country from 2018.

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Source: Africafeeds.com

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