Coca-Cola to invest $90m in Kenya

Soft drinks maker, Coca-Cola, says it plans to invest up to 90 million dollars in Kenya over three years through 2018 to increase its product range in the region.

In a statement on Tuesday in Nairobi, the company said the wider range of soft drinks in the country would begin in 2018 but did not give details of the range of products

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Coca-Cola, which is the leader in the Kenyan soda market with brands like Coke and Fanta, said it had invested a total of 17 billion dollars in Africa since 2014.

According to the company, the amount doubles what was invested in the continent a decade before.

The group, however, faces growing competition in Kenya from other soft drinks producers like SABmiller and PepsiCo. (Reuters/NAN)