CCBA

Coca-Cola Beverages Africa (CCBA), the leading Coca-Cola bottler on the African continent, is taking a 60% stake in Eswatini Beverages, a soft drinks firm based in Eswatini (formerly Swaziland), according to a report in Food Business Africa. The firm will remain 40% owned by a sovereign wealth fund but will reportedly operate as a subsidiary of CCBA under the name Eswatini Coca-Cola Beverages (ECCB). Commenting on the deal, ECCB country manager Sanele Khumalo …