We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
close notification
Coca-Cola will invest $50 million in capital expenditure in Kenya, with most of the money earmarked to fund the expansion and scaling up of bottling lines in the East African country, the firm said on Thursday.
The investment, one of the largest made by Coca-Cola in Kenya in any single year, reflected the drinks company's confidence in the Kenyan economy, a senior official said.
"Our business in Kenya was adversely affected by the post election violence. However, we are pleased that we can now see progressive stability in our operating landscape," Adeola Adetunji, general manager of East Africa Franchise Coca-Cola East and Central Africa Ltd, said in a statement.
"We see Kenya as a viable investment destination and more particularly in the long term, and are confident that our investments will yield positive returns," he added.
Kenya's economy is slowly recovering after President Mwai Kibaki's disputed December re-election triggered violence that killed at least 1,200 people and hurt major sectors such as tourism, tea and transport.
As a result, the government was forced to revise its GDP growth estimates for this year to between 4 and 6 percent from an earlier projection of 7 percent.
Coca-Cola has bottling plants in Nairobi, Mombasa, Kisumu, Kisii and Eldoret.
Map
