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    MarketForces Africa » Inside Africa » Coca-Cola Beverages Africa invests $50m in Namibia

    Coca-Cola Beverages Africa invests $50m in Namibia

    Julius AlagbeBy Julius AlagbeNovember 4, 2024Updated:November 5, 2024 Inside Africa No Comments2 Mins Read
    Coca-Cola Beverages Africa invests $50m in Namibia
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    Coca-Cola Beverages Africa invests $50m in Namibia

    Coca-Cola Beverages Africa has invested $50 million in a new bottling line in Namibia, capable of producing 27,000 bottles per hour, according to an official statement.

    This upgrade will increase the plant’s output capacity by 30% and stimulate growth throughout the company’s value chain, Coca-cola said. The investment also includes the installation of a water treatment plant with state-of-the-art water recovery technology, designed to reduce water consumption.

    Additionally, the integration of advanced technology, including artificial intelligence, will require skills training for employees, contributing to the development of a future-ready workforce for both the business and the country.

    “We’ve ensured that this production line goes beyond output numbers,” said Pottie de Bruyn, General Manager of Coca-Cola Beverages Africa in Namibia.

    “It’s about creating shared opportunities across the value chain. The increased production also provides a boost to local businesses that supply us with raw materials and services.”

    Sunil Gupta, Chief Executive Officer of CCBA, echoed the sentiment, adding, “This investment is a clear demonstration of our continued belief in the future of Namibia.”

    Gupta also highlighted CCBA’s broader goals: “As a customer-centric, digitally enabled, growth-driven business, we are committed to excellence across our value chain.

    Efficient operations allow us to offer faster delivery and superior service. This new production line is another step in our journey to achieve even greater levels of execution excellence.” #Coca-Cola Beverages Africa invests $50m in Namibia Equities Investors Wealth Rises as Nigerian Exchange Rally

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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