Coca-Cola has announced plans to increase its investment in Kenya by up to Kes 23 billion over the next five years should the company meet its expected growth targets.
Coca-Cola Beverages Africa Chief Executive Officer (CEO) Sunil Gupta welcomed President William Ruto and his delegation to the Coca-Cola Company’s headquarters in Atlanta.
“The Coca-Cola system has been a part of Kenya’s landscape for over 75 years. Today, we are pleased to announce our plan to strengthen this heritage with a significant investment,” he said.
Further, he stated that the investment aims to accelerate the Coca-Cola system’s capacity and capability expansion over the next five years.
“The decision to invest underscores our belief in the long-term potential of Kenya’s economy.”
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“This is a milestone in the firm’s presence in Kenya and Africa, a testimony that we must sustain our strong collaboration for us to grow,” President Ruto lauded the investment.
Further, the Head of State lauded Coca-Cola’s continental activities, particularly the Replenish Africa Initiative (RAIN), which aims to improve access to water and sanitation for around 6 million people in Africa.
The President stated that the Coca-Cola system has actively supported Kenya’s environmental and humanitarian endeavors.
On her part, Trade CS Rebecca Miano said the investment will lead to a positive trickle-down effect in the value chain, translating into job creation and improved micro and macro economies.
“This investment will lead to a positive trickle-down effect in the value chain, translating into job creation and improved micro and macro economies. This will foster a brighter future for all, demonstrating our shared commitment to the well-being of the EAC region.”
Further, she said that there are greater opportunities and collaborations between the beverage company and Kenya in the future.
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