The Coca-Cola Company and partners commit US$17m in fight of COVID-19 in Africa

AFRICA – The Coca-Cola Company together with the Coca-Cola System, comprising of its bottling partners worldwide and the company’s global philanthropic arm, The Coca-Cola Foundation (TCCF) has committed US$17m across Africa in response to COVID-19 pandemic. With the tag line “In this Together,” the beverage company in partnership with NGOs have been deploying a range of resources, including capabilities, funds and products to support governments, communities and local economies in their urgent efforts to contain the spread and impact of the Coronavirus since its outbreak on the continent. “We are leveraging…

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Standard Bank unlocks US$50m in funding for Coca-Cola’s expansion in Ethiopia

ETHIOPIA – Standard Bank, financial services group, has successfully arranged and structured US$50 million in financing facilities for Coca-Cola Beverages Africa (CCBA) to support its expansion strategy in Ethiopia over the next five years. The Coca-Cola Company holds a majority stake in CCBA, which is the largest bottler of Coca-Cola beverages in Africa – serving 13 countries on the continent – and eighth largest in the world by revenue. With a presence in markets that match CCBA’s operations in Africa and having established a representative office in Addis Ababa in…

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Matthieu Seguin takes the reigns at Nigeria Bottling Company

NIGERIA – The Nigerian Bottling Company (NBC) Limited, franchise bottler of the Coca-Cola Hellenic Bottling Company has announced the appointment of Matthieu Seguin as its new Managing Director. Seguin succeeds Georgios Polymenakos who took office in July 2016 to October 2019. According to a statement signed by the Public Affairs and Communications Director for NBC, Mr Ekuma Eze, Seguin was until his recent appointment the General Manager for Coca-Cola HBC Ireland and Northern Ireland for almost four years. Continuing, the statement said that Seguin will lead the organisation and its…

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Coca-Cola plans US$1bn investment in Southern and East African regions

AFRICA – The Coca-Cola Company plans to invest US$1 billion in its Southern and East Africa region operations over the next five years. Speaking during the World Economic Forum (WEF) on Africa conference, in South Africa, president South and East Africa business unit, Bruno Pietracci said that the local market still held great potential for the group, reports Business Live. Pietracci noted that the Southern and East Africa region was already one of the top 10 regions for the group in the world in terms of size, both in terms…

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Centum Investment to sell stakes at Coca-Coca bottlers for US$192.5m

KENYA – Kenya’s Centum Investment is set to sell its stakes held in two Coca-Cola franchise bottlers in Kenya, Almasi Beverages Limited and Nairobi Bottlers, at a total valuation of US$192.5 million (Shs 19.5 billion). The company’s chief execytive officer, James Mworia, said that Centum has entered into an agreement to sell its stakes in the two bottlers to Coca Cola Beverages Africa (CCBA). Subject to regulatory approval, the deal is set to be closed in the next four months. “The achieved exit valuation speaks to the success of our…

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CCBA completes acquisition of Zambia bottling business from Zambian Breweries

ZAMBIA – Zambian Breweries has finalised the sale of its Coca-Cola bottling business to Coca-Cola Beverages Africa (CCBA), as CCBA continues its journey to consolidate its soft beverage bottling operations in Africa. Zambia Breweries, which a subsidiary of Anheuser-Busch InBev (AB InBev), the largest brewer in the world, is Zambia’s leading beer producer with such brands as Mosi, Castle, Carling Black Label, Eagle, Stella Artois and Budweiser. The move by CCBA paves the way for Zambia Breweries to focus fully on its clear beer operations. With the acquisition, the soft drinks…

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