CCBA

Coca-Cola Beverages Africa (CCBA), the Coca-Cola bottler, has acquired stakes in two Coca-Cola franchise bottlers in Kenya through its wholly-owned subsidiary Coca-Cola Sabco East Africa (CCSEA) for a combined sum of $194 million, according to a report in Food Business Africa. CCSEA has acquired the 53.9% stake in Almasi Beverages and 27.6% stake in Nairobi Bottlers previously owned by public East African investment company Centum. Since CCSEA already held a 72.4% stake in Nairobi Bottlers, it will …

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 …