Coke Launched African Sustainable Initiative
Published on by Water Network Research, Official research team of The Water Network in Business
Coca-ColaInvests an AdditionalUS$5 Billion for Long-Term Sustainable Growth in Africa
The Coca-Cola Company and its African bottling partners will invest $5 billion over the next six years to fund new manufacturing lines and cooling and distribution equipment and production, as well as support programs that focus on safewater access, sourcing and other sustainability initiatives.
The investment increases Coke's total announced investment inAfricato $17 billion from 2010 to 2020.
The company has also signed a letter of intent to launch Source Africa, an initiative to secure more consistent and sustainable local ingredient sourcing for its products in partnership with the New Alliance for Food Security and Nutrition and Grow Africa. The initiative will initially focus on sustainable mango and tea production in Kenya; citrus, mango and pineapple production in Nigeria; and mango in Malawi.
The Company and its Foundations also remain committed to other programs focused on improving community well-being and women's economic empowerment in Africa.
Read More Related Content On This Topic - Click Here
Media
Taxonomy
- Job Function
- Finance and Markets