USA: Coca-Cola to invest in Ethiopia

Coca-Cola, the US-based soft drinks giant, is planning to expand its presence in sub-Saharan Africa with a five-year, $300 million investment in Ethopia, according to a report in Food Business Africa.

The additional investment forms part of an existing project through which the company will establish a new $70 million plant in Sebeta for the manufacture of soft drinks. Coca-Cola’s fourth and largest plant in Ethiopia, it will have a manufacturing capacity of 70,000 cases per day.

“Coca-Cola has been present in Ethiopia for 60 years and we are proud to be associated with its growth”, commented Phillipine Mtikitiki, Coca-Cola general manager for East & Central Africa. “We plan to invest further and have also set some ambitious targets and goals around empowering women and youth, water conservation and access and management of plastic waste”.

Coca-Cola is also planning one further plant for Ethopia in Hawassa, capital of the Southern Nations state, according to reports.

Source: Food Business Africa