Coca-Cola Beverages Africa (CCBA) said it has acquired a 60% stake in Swaziland beverage firm, Eswatini Beverages Limited.

Eswatini is the new name of the country of Swaziland which officially changed its name in 2018.

The remaining 40% shares is held by Tibiyo Taka Ngwane, an Eswatini Sovereign Wealth fund with interest in telecommunications, commercial real estate, sugar, dairy, beverages, hotels, and transportation.