Coca-Cola announces plans to invest Ksh23B in Kenya
Coca-Cola company has announced has announced its plans to invest Ksh23 billion in Kenya.
The beverage company will invest the said amount over a period of five years as part of its plans to expand its operations in the country.
Ruto tours Coca-Cola
President William Ruto who is on a four-day state visit to the United States of America toured the Coca-Cola company headquarters in Atlanta, Georgia, on his second day in the US. 
Ruto has said Coca-Cola's investment plan is a milestone in the firm's presence in Kenya and Africa.
The president added that the move is a testimony that a country has to sustain her strong collaboration to witness growth.
"Kenya welcomes Coca-Cola's announcement to invest Sh23 billion ($175 million) over the next five years to expand its operations in the country. This is a milestone in the firm’s presence in Kenya and Africa, a testimony that we must sustain our strong collaboration for us grow," Ruto said.
Kenya welcomes Coca-Cola's announcement to invest Sh23 billion ($175 million) over the next five years to expand its operations in the country. This is a milestone in the firm’s presence in Kenya and Africa, a testimony that we must sustain our strong collaboration for us grow.… pic.twitter.com/OlcaF9NzeS— William Samoei Ruto, PhD (@WilliamsRuto) May 21, 2024
Coca-Cola presence in Kenya
Coca-Cola has maintained its presence in East Africa over the past years.
In April 2024, Coca-Cola showcased its locally-centred approach during the 4th American Chamber of Commerce (AmCham) that was hosted in Nairobi.
The summit was designed to deepen US-East Africa business ties and was attended by over 1,500 delegates including top public and private sector leaders, senior US, Kenyan, and regional officials, and industry luminaries.
Luisa Ortega, President of Coca-Cola Africa during the summit emphasized Coca-Cola's commitment to its purpose of refreshing the world and making a difference.
The summit addressed critical issues such as trade policies, investment opportunities, and innovative business practices beneficial to both US and East African businesses.
President Ruto during his tour of Atlanta also addressed the Fortune Company Chief Executive Officers where he urged international businesses to capitalise on the 60-year-old Kenya-U.S. relationship that is grounded on shared values of democracy, freedom and enterprise to invest in Kenya.
"Kenya means business. We urge international businesses to capitalise on the 60-year-old Kenya-U.S. relationship that is grounded on shared values of democracy, freedom and enterprise to invest in Kenya. A good return on investment is guaranteed, especially in our renewable energy, housing, manufacturing, agriculture and ICT sectors," Ruto said moments after meeting the Fortune company CEOs.
Kenya means business. We urge international businesses to capitalise on the 60-year-old Kenya-U.S. relationship that is grounded on shared values of democracy, freedom and enterprise to invest in Kenya.
A good return on investment is guaranteed, especially in our renewable… pic.twitter.com/SHsls7THMT— William Samoei Ruto, PhD (@WilliamsRuto) May 22, 2024
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