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Kenya has signed a Ksh.22.8 billion ($175 million) investment expansion plan with Coca-Cola, set to span the next five years. The announcement was made by State House Spokesperson Hussein Mohamed on Tuesday, following President William Ruto’s visit to Coca-Cola’s headquarters in Atlanta, Georgia, alongside other Kenyan leaders.
Trade and Investments Cabinet Secretary Rebecca Miano highlighted the significance of this partnership in fostering job creation and economic growth in Kenya. “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 Ksh.23 billion in Kenya. 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 stated.
This meeting was a part of President Ruto’s week-long visit to the United States.
Coca-Cola established its first bottling plant in Nairobi 76 years ago. The company currently employs 3,000 Kenyans directly and another 37,000 indirectly.