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Kenya welcomes Coca-Cola’s move to invest Ksh.23B

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Kenya has welcomed Coca-Cola’s announcement to invest Ksh.23 billion ($175 million) over the next five years to expand its operations in the country.

Speaking when he toured the Coca-Cola Company Headquarters in Atlanta, Georgia, President William Ruto noted that the move was a milestone in the firm’s presence in Kenya and Africa.

“A testimony that we must sustain our strong collaboration for us grow.” He noted.

While urging international businesses to invest in Kenya, President Ruto said, Kenya means business. “We urge international businesses to capitalise on the 60-year-old Kenya-U.S relationship that is grounded on shared values of democracy, freedom and enterprise to invest in Kenya.”

The President said, a good return on investment is guaranteed, especially in the renewable energy, housing, manufacturing, agriculture and ICT sectors.

President Ruto who is on a three day state visit in USA, made the remarks during an address to the Fortune Company Chief Executive Officers in Atlanta, Georgia, the United States of America.

 

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