Coca-Cola to Invest $90m in Kenya

Coca-Cola Company
  • Coca-Cola to Invest $90m in Kenya

Soft drinks maker, Coca-Cola, says it plans to invest up to 90 million dollars in Kenya over three years through 2018 to increase its product range in the region.

In a statement on Tuesday in Nairobi, the company said the wider range of soft drinks in the country would begin in 2018 but did not give details of the range of products

Coca-Cola, which is the leader in the Kenyan soda market with brands like Coke and Fanta, said it had invested a total of 17 billion dollars in Africa since 2014.

According to the company, the amount doubles what was invested in the continent a decade before.

The group, however, faces growing competition in Kenya from other soft drinks producers like SABmiller and PepsiCo.

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Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years experience as a foreign exchange research analyst and trader.

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