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Coca-Cola commits to new $175 million investment in Kenya
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Coca-Cola is a major employer in East Africa, where it directly employs about 10,000 people.
The Coca-Cola system, consisting The Coca-Cola Company and its authorised bottler Coca-Cola Beverages Africa, has announced its intention to grow its investment in Kenya by up to $175 million over the next five years.
“The Coca-Cola system has been an integral part of Kenya’s landscape for more than 75 years. Today, we are excited to announce our intention to strengthen this legacy through a substantial investment,” said Sunil Gupta, CEO of Coca-Cola Beverages Africa, on 22 May 2024, while hosting Kenyan President William Ruto at The Coca-Cola Company’s headquarters in Atlanta, USA. “This investment is aimed at accelerating the Coca-Cola system’s capacity and capability expansion over the next five years. Our decision to invest underscores our belief in the long-term potential of Kenya’s economy.”
Coca-Cola is a major employer in East Africa, where it directly employs about 10,000 people. It also works with over 500,000 micro, small, and medium enterprises across the region.
The company said it foresees great social and economic advancement in Kenya, which is why it wants to continue to invest in its Kenyan business as well as its community programmes in the country.
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