Connect with us

Hi, what are you looking for?

“Through our World Without Waste vision, we are investing in our planet and our packaging to help make this problem a thing of the past,” Quincey said/FILE


Coca-Cola partnership to create biggest bottler in Africa

Coca-Cola partnership to create biggest bottler in Africa/AFP

Coca-Cola partnership to create biggest bottler in Africa/AFP

JOHANNESBURG, November 27- The Coca-Cola Company Thursday announced a partnership to form its largest soft drinks bottling company in Africa, serving “high growth” countries on the continent.

The Coca-Cola company together with British drinks giant SABMiller and Gutsche Family Investment, a South Africa private firm, will join forces to form Coca-Cola Beverages Africa. 

“The new bottler, Coca-Cola Beverages Africa, will serve 12 high-growth countries accounting for approximately 40 percent of all Coca-Cola beverage volumes in Africa,” said a statement.

It will be majority owned by SABMiller with a 57 percent stake, Gutsche Family Investments with 31.7 percent and The Coca-Cola Company with 11.3 percent.

According to the companies, bottling operations in 12 high growth markets in southern and east Africa had an annual revenue of $2.9 billion.

The deal is underpinned by “rising personal disposable income” and increased consumption per capita.

As part of the deal, Coca-Cola will acquire SABMiller’s Appletiser soft drinks and 19 other non-alcoholic brands in Africa and Latin America for nearly $260 million.

“Soft drinks are an important element of our growth strategy. This transaction increases our exposure to the total beverage market in Africa,” said Alan Clark, SABMiller chief executive.

The new bottling company to be headquarted in South Africa will initially produce and distribute Coca-Cola beverages in nine countries, including Kenya, Ethiopia, Mozambique, Tanzania, Uganda, Namibia, Comoros and Mayotte.

South Africa is Coca-Cola beverages’ largest market on the continent.

Advertisement. Scroll to continue reading.
Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...