Coca-cola to invest in Kenya

12/04/2011 - Kenya property & investment news
Coca-cola to invest in Kenya

Drinks company Coca-Cola is set to invest in Kenya over the course of the next three years.The firm has announced its intention to invest $62 million in Kenya over the next three years.It will use the funds to modernise equipment and extend its presence in the juice segment.According to a statement seen by Reuters, the investment "will be channelled towards modernisation of equipment and expanding existing capcity as well as increasing its presence in juice".Coca-Cola's Eurasia-Africa group president added: "We see tremendous growth potential for Africa and particularly Kenya."Its steady rate of economic growth, well-educated population and efforts by the government in reform and infrastructure upgrade over the last six years have given us confidence and optimism about doing business here."As part of Coca-Cola's efforts to increase its competitive edge in juice manufacturing, the company has announced that it will revamp its Beverage Services Kenya plant in Nairobi.