Coca Cola pledges P600m investment in Botswana

Coca Cola Beverages Africa (CCBA) says it will invest P600 million over the next five years towards expanding its infrastructure and capacity in Botswana, a market it sees as key in its African footprint.

CCBA’s Managing Director for Southern Africa, Norton Kingwill said the investment was part of the plans to double the business in the next “three or even two years”.  The multi-billion- dollar group took over Coca Cola’s local operations last December, after separating from Kgalagadi Breweries Limited’s exit, a period characterised by supply interruptions in the local market. 

Kingwill said already the local market had proven robust, anchoring the plans to further expand. On Monday, Coca Cola Beverages Botswana (CCBB) officially re-opened its returnable glass and can lines, with the cans due to also be exported to Namibia. 

“Our business has exceeded our expectations and we have to change our structure and invest much more in Botswana than we expected,” he said, speaking at the re-opening ceremony.

Our top line has grown by more than 30% year-on-year and there’s more to go. The opportunity we have been able to see in this market has been great.

In the next five years, we will be investing more than P600 million in infrastructure and capacity.”

Kingwill said with the ease of doing business in Botswana and opportunities in the market, there was room for CCBB to double its business within two years.

“This is not just growth in capacity, it means growth in jobs as well, moving from the 450 people we currently employ,” he said. 

Investment, Trade and Industry Minister, Bogolo Kenewendo said CCBA was living up to the commitments it made to the Botswana government on its plans for Botswana. 

“I understand that you would like the government to guarantee some facilitation going forward and I can say we are pro-industry and we will do that,” she said.

“We have said one of the key things we are doing is facilitating both foreign and domestic investment and we will be your partner as you grow in Botswana.”

In Africa, Coca Cola has operations in 13 countries with 34 bottling plants serving 250 million consumers. For the Coca Cola group, CCBA is the eighth largest bottler in the world.

Waste Management Campaign to empower over 1000 women and youth – Hon. Kenewendo.

Source: Bogolo Joy Kenewendo (Facebook)

Minister Kenewendo, who this week officially opened the Coca Cola can and returnable glass bottle lines, noted all beverages made in Botswana will be in glass bottles and cans made in Botswana. The minister said the lines will also be used for production and export to the SADC market, starting with Namibia.

According to Minister Kenewendo, to date, the company employs 240 people across the business with 1 bottling plant and 2 Distribution Centres (Gaborone and Francistown) and works are already underway for a third (3rd) Distribution Centre, scheduled to be commissioned in Palapye in early 2020.

Additionally, she said Coca Cola intends to recycle all the material they produce; the recycling of plastic bottles is targeted at 50% this year, 75% by 2020 and 100% by 2021. They have also started the recycling collection competition for schools targeting 240 schools. This Waste Management Campaign will also empower over 1000 women and youth, she said.

Source: & Minister Bogolo Kenewendo Facebook page / Image source: Bogolo Joy Kenewendo (Facebook)

4 weeks ago

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