Kenya Signs $175 Million Investment Deal with Coca-Cola for Five-Year Expansion

Kenya has secured a $175 million (Ksh. 22.8 billion) investment expansion plan with Coca-Cola, set to unfold over the next five years.

State House Spokesperson Hussein Mohamed announced the deal on Tuesday after President William Ruto, accompanied by other Kenyan leaders, visited Coca-Cola's headquarters in Atlanta, Georgia, USA.

Trade and Investments Cabinet Secretary Rebecca Miano highlighted the significance of the partnership, stating it will create job opportunities and stimulate Kenya's economic growth.

The agreement was a key highlight of President Ruto's week-long visit to the United States. "Kenya welcomes Coca-Cola’s announcement to invest Sh23 billion ($175 million) over the next five years to expand its operations in the country," Ruto remarked. "This is a milestone in the firm’s presence in Kenya and Africa, a testament to our strong collaboration and commitment to growth."

Coca-Cola established its first bottling plant in Nairobi 76 years ago and currently employs 3,000 Kenyans directly, with an additional 37,000 jobs supported indirectly.