NAIROBI, Kenya Jul 3 – The Coca-Cola Company and its licensed bottlers contributed $10.4 billion in value-added financial exercise throughout their worth chain in Africa in 2024, in accordance with an Africa-wide socio-economic impression examine introduced through the 2025 U.S.-Africa Business Summit in Luanda, Angola.
The examine, carried out by international consultancy Steward Redqueen reveals that the Coca-Cola system, made up of the Coca-Cola Company, supported greater than 1 million jobs throughout its worth chain on the continent in sectors like retail, agriculture, manufacturing, transport and providers.
This included 36,800 direct Coca-Cola system jobs, and an extra 987,000 oblique jobs which can be supported throughout the worth chain.
Additionally the system invested $4.3 billion within the African financial system in 2024 by means of the acquisition of products and providers from native suppliers, representing 83 p.c of its whole procurement.
Luisa Ortega, president of the Africa working unit of The Coca-Cola Company famous that the corporate’s enduring presence on the continent anchored by partnerships with regionally owned bottlers and suppliers continues to gas sustainable development and drive growth.
“The firm’s portfolio in Africa consists of a variety of manufacturers in a number of beverage classes. Ingredients and packaging utilized by the Coca-Cola system in Africa are principally regionally sourced, provided, produced, manufactured and distributed,” mentioned Ortega, president of the Africa working unit of The Coca-Cola Company.
Ortega revealed that the agency plans to take a position practically $1.2 billion throughout the continent over the subsequent 5 years and one other $25 million by 2030 to assist handle vital water-related challenges in native communities in 20 African markets.
“The Coca-Cola Company’s dedication to Africa stays steadfast. The Coca-Cola system has introduced investments of practically $1.2 billion on the continent over the subsequent 5 years, and we’re hopeful that steady and predictable coverage environments will allow extra investments within the months and years forward,” she added.
