Tag Archives: CCBA

Coca-Cola Beverages Africa appoints new CEO

Coca-Cola Beverages Africa (CCBA), the continent’s largest Coke bottler which spans over a dozen countries announced on Monday the appointment of Mr Jacques Vermeulen, a 23-year veteran of the soda giant as its new CEO, effective 1 December, 2018.

Coca-Cola to sell alcohol spirits in Kenya

Crown Beverages Limited, a subsidiary of Coca-Cola Beverages Africa (CCBA), the continental Coke bottler based in South Africa but with footprints in over a dozen African countries including Kenya announced it has signed a deal with Italy-based Gruppo Campari to distribute premium spirits brands in Kenya , heightening up competition in that market.

Coca-Cola to increase investment in Zimbabwe by $65 million

The Coca-Cola Company (TCCC) has pledged to increase its investment in Zimbabwe by US$65 million over the next three years as the Southern African country seeks to attract foreign investment following years of Western sanctions and the recent change in leadership.

The Managing Director, Coca-Cola East and Central Africa, Mr Ahmed Rady met with President Mnangagwa and Vice President Constatino Chiwenga separately on Thursday to discuss its plans and future investments in the country.

CCBA adds new $70m juice line at Kenyan facility

Coca-Cola Beverages Africa (CCBA) has opened a new Sh 7 billion Kenyan shillings ($70 million) bottling line at its Nairobi Bottlers operation in Embakasi, Nairobi, Kenya.

The line which has a production capacity of 28,000 bottles per hour will be used to process fresh juices, iced teas and sports drinks. Also, the line is said to have created 24 additional jobs at the plant so far.

AB InBev completes divestment of interest in Coca-Cola Beverages Africa

Anheuser-Busch InBev announced on Wednesday that it had completed the sale of its 54.5% equity stake in Coca-Cola Beverages Africa (CCBA), the continents largest Coke bottler to The Coca-Cola Company (TCCC) for $3.15bn after customary adjustments, as announced on December 21, 2016.

CCBA was formed in 2016 through the merger of SABMiller’s African non-alcoholic beverage interest with The Coca-Cola Company’s South African operations and the Gutsche Family Investments, the owners of South African-based Coca-Cola Sabco.

Coca-Cola Beverages South Africa sells stake in Appletiser to black empowerment firms

Coca-Cola Beverages South Africa (CCBSA), the South African unit of the newly formed Coca-Cola Beverages Africa (CCBA) said on Monday it has sold 21.5% of its shareholdings in Appletiser brand to group of investors and employees.

Coca-Cola acquires AB InBev’s stake in CCBA

Soft drinks giant Coca-Cola announced on Wednesday it has agreed to buy SABMiller’s 54.5% stake in Coca-Cola Beverages Africa (CCBA) from AB InBev for $3.15bn.

Coca-Cola and AB InBev said in a joint statement that they had agreed to the transfer of AB InBev’s 54.5% stake in CCBA to The Coca-Cola Company (TCCC). The stake was formerly owned by SABMiller before the mega beer acquisition that saw SAB merge with AB InBev.