Coca-Cola has announced its intention to grow its investment in Kenya by up to 23 billion shillings over the next five years. The company announced this as it hosted President William Ruto and Trade CS Rebecca Miano who are on a state visit to the United States.
“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 23 billion shillings in Kenya,” said CS Rebecca Miano.
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“Coca-Cola 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,” she added.
The Coca-Cola Company is a major employer in East Africa where it has directly employed 10,000 people with the majority of them being from Kenya.
At the same time, the Coca-Cola system also works with over 500,000 Micro, Small, and Medium Enterprises across the region, giving the company a direct connection to the experiences shared by many businesses in Kenya and across the East African region.
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“I welcome this substantial investment to expand its operations in Kenya. This undertaking underscores the company’s enduring commitment to the growth and development of our region. I am excited about the promising future and the myriad possibilities that lie ahead,” Miano said.
According to Rebecca Miano, the investment will see Coca-Cola source mangoes from Kenya for its operations. She says this will create opportunities for Kenyan mango farmers as well as create employment opportunities for Kenyans.
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