Coca-Cola to invest $300m in Ethiopia in next 5 years | Fin24
 
  • Mandela Day

    Nationalisation, privatisation and land: What Mandela told business in 1990 still resonates today.

  • African Foothold

    American multinational PepsiCo has agreed to buy South Africa’s Pioneer Foods for about R24.4bn.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Coca-Cola to invest $300m in Ethiopia in next 5 years

Jul 01 2019 22:28
Samuel Gebre, Bloomberg

Coca-Cola plans to invest $300m to expand its business in Ethiopia in the next five years, as the East African nation opens up its economy to more foreign investors.

The company that started in Ethiopia six decades ago will immediately spend $70m to build a fourth plant in Sebeta, 25 kilometres outside the capital, Addis Ababa.

The complex will have a capacity of 70 000 cases per day, Ethiopia’s European Union embassy said in a statement on its website, citing Coca-Cola East and Central Africa Franchise General Manager Bruno Pietracci.

Coca-Cola plans to build a fifth plant in Hawassa in the south of the country, according to the statement.

coca cola  |  industrial  |  companies
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

FaceApp has been at the centre of a debate on data security. What is your view?

Previous results · Suggest a vote

Loading...