Coca-Cola has announced plans to significantly increase its investment in Kenya by up to Sh23 billion ($175 million) over the next five years, contingent upon meeting expected growth targets in the nation.
Sunil Gupta, CEO of Coca-Cola Beverages Africa, welcomed President William Ruto and his delegation to Coca-Cola’s headquarters in Atlanta, where the investment plans were unveiled. The decision underscores Coca-Cola’s long-term commitment to Kenya’s economy.
“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,” said Sunil Gupta, emphasizing the company’s aim to expand capacity and capability in the region.
President Ruto commended the commitment, stating, “This milestone reflects a strong collaboration between Kenya and Coca-Cola. We look forward to sustaining this partnership for mutual growth.”
The investment is expected to have a positive impact across the value chain, promoting job creation and bolstering both micro and macroeconomic conditions in Kenya. Trade CS Rebecca Miano highlighted the investment’s alignment with green initiatives and its potential to benefit local communities.
“This significant investment will foster greater opportunities and collaborations between Coca-Cola and Kenya, demonstrating our shared commitment to the well-being of the EAC region,” Miano affirmed.
