New Investments
Coca-Cola Pledges $1 Billion Investment in Nigeria
The announcement was made following a meeting between Nigerian President Bola Tinubu and senior executives of the soft drink giant.
The investment pledge comes as a boost to Nigeria’s economy, which has faced challenges attracting foreign investment due to factors such as forex shortages and bureaucratic hurdles.
John Murphy, President and Chief Financial Officer of Coca-Cola, and Zoran Bogdanovic, CEO of Coca-Cola HBC, met with President Tinubu to discuss the company’s expansion plans.
Bogdanovic highlighted Coca-Cola’s previous investments in Nigeria, totaling $1.5 billion since 2013, which have focused on expanding production capacity, improving the supply chain, and investing in training and development.
The additional $1 billion investment will further strengthen Coca-Cola’s presence in Nigeria, a market with a population of over 200 million.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Kenyan fintech Zanifu raises $11.2 million to scale its inventory financing offering
Zanifu, a Kenyan fintech company that provides inventory financing to micro, small, and medium-sized businesses (MSMEs), has raised $11.2 million in debt-equity funding in a pre-Series A round.
Kenyan Agri-Fintech Startup Apollo Agriculture Secures $10 Million From Swedfund and ImpactConnect to Empower African Farmers
Leading Kenyan agri-fintech startup Apollo Agriculture has secured a $10 million investment from Swedfund and ImpactConnect to fuel its rapid expansion across Africa.
South African Gaming Platform Carry1st Secures Investment from Sony’s New Africa Fund
Carry1st, a leading South African mobile game publisher and digital commerce platform, has secured a strategic investment from Sony Innovation Fund: Africa, marking the venture capital arm’s first investment on the continent.
