Kenya Inks Ksh.22.8B Deal With Coca-Cola In Five-Year Investment Plan
Kenya has inked a Ksh.22.8 billion ($175 million) investment expansion plan with Coca-Cola set to last over the next five years.
State House Spokesperson Hussein Mohamed announced on Tuesday after President William Ruto, in the company of other Kenyan leaders, visited the company’s headquarters in Atlanta, Georgia, in the United States.
After inking the deal Trade and Investments Cabinet Secretary Rebecca Miano said the partnership will play a vital role in creating job opportunities and growing Kenya’s economy.
“I am delighted to announce the signing of a collaborative framework agreement with Coca-Cola at the company’s headquarters in Atlanta, marking a significant investment of Ksh23 billion in Kenya. CocaCola has long been a prominent presence in Kenya and across Africa, not only as a leading brand and manufacturing powerhouse but also as a vital partner in job creation, economic growth and emergency response efforts.”
The meeting was part of Ruto’s itinerary during his week-long US visit.
Coca-Cola opened its first bottling plant in Nairobi 76 years ago. It currently employs 3,000 Kenyans and another 37,000 indirectly.
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