Kenya signs Ksh.22.8B deal with Coca-Cola during Ruto’s visit to company’s headquarters in US

KENYA
Kenya signs Ksh.22.8B deal with Coca-Cola during Ruto’s visit to company’s headquarters in US

Kenya has signed a deal worth Ksh.22.8billion($175million) with Coca-Cola for a five year investment expansion plan.

The deal was signed on Tuesday May 21, 2024 during President William Ruto’s visit to the company’s headquarters in Atlanta, Georgia.

“Coca-Cola has been a prominent corporate presence in Kenya and Africa, growing as a brand and manufacturing giant while serving as a partner in employment creation, economic development and emergency response,” said President Ruto.

At the same time, Trade and Investments Cabinet Secretary Rebecca Miano, highlighted the significance of this partnership in terms of job creation and economic growth for Kenya.

After signing the deal President William Ruto appreciated the company’s continental initiatives especially the Replenish Africa Initiative(RAIN), which is dedicated to improving access to water and sanitation for about 6million people across Africa.

“It is also important to mention the company’s strong support for Project Last Mile which facilitated COVID-19 response and vaccine distribution in remote African areas, leveraging its supply chain, logistics and marketing capabilities,” said Ruto.

Currently, Coca-Cola has employed over 3,000 Kenyans directly,  and indirectly supported 36,800 others.

Additionally, the bottlers have invested nearly $400 million in new state-of-the-art production lines and other inputs in the past six years.

Related Posts

See all >>

Latest Posts

See all >>