{"id":10621,"date":"2022-02-25T08:28:45","date_gmt":"2022-02-25T08:28:45","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/coca-cola-acquires-shares-in-mmb"},"modified":"2022-02-25T09:22:28","modified_gmt":"2022-02-25T09:22:28","slug":"coca-cola-acquires-shares-in-mmb","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/coca-cola-acquires-shares-in-mmb","title":{"rendered":"Coca-Cola acquires shares in MMB"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>COCA-COLA Beverages Africa (CCBA) has acquired Maluti Mountain Breweries\u2019 interests in the soft drinks business. The announcement was made on Monday. The newly formed entity is called Coca-Cola Beverages Lesotho.<\/p>\n

The other key shareholders in this venture are the Lesotho National Development Corporation (LNDC) and the Ministry of Finance. The deal was signed on October 6 last year and all the necessary regulatory approvals have now been obtained.<\/p>\n

\u201cThe non-alcoholic, ready to drink business in Lesotho will be referred to as Coca-Cola Beverages Lesotho (CCBL) and will operate as a subsidiary of CCBA, with management control,\u201d the company\u2019s statement read.<\/p>\n

The entity commenced distributing Coca-Cola products from Monday and details will be communicated to all customers. T\u0161epo Maketela, Country Manager of CCBL, says that every effort will be made to minimise any disruptions to customers.<\/p>\n

\u201cWe are committed to growing the soft drinks industry and the business in Lesotho and will endeavour to launch new products into the Lesotho market to meet consumer needs,\u201d Maketela said.<\/p>\n

\u201cWe are also excited to partner with the LNDC,\u201d he said.<\/p>\n

\u201cLesotho customers will benefit from being part of a consolidated, successful Coca-Cola system that spans 13 other markets on the continent, creating new opportunities for everyone across the value chain.<\/p>\n

He said \u201caccess to shared best practices will enhance efficiencies and a better distribution capability will provide pervasive availability of cold beverages to end-customers\u201d.<\/p>\n

\u201cWe will also be able to respond to consumer demand more quickly.<\/p>\n

\u201d CCBA is the eighth largest Coca-Cola bottling partner in the world by revenue, and the largest on the continent. It accounts for 40 percent of all Coca-Cola products sold in Africa by volume.<\/p>\n

CCBA\u2019s African footprint encompasses South Africa, Ghana, Ethiopia, Uganda, Kenya, Tanzania, Namibia, Mozambique, Comoros, Mayotte, Zambia, Botswana, Eswatini and now Lesotho.<\/p>\n

The group employs more than 16 000 people directly, almost half of them in South Africa. \u201cExpanding our African footprint brings huge benefits to local consumers and businesses,\u201d Maketela said.<\/p>\n

\u201cBy leveraging scale, we can do more for our customers and drive our sustainability goals. The creation of CCBL is another milestone in that strategy,\u201d he said.<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. COCA-COLA Beverages Africa (CCBA) has acquired Maluti Mountain Breweries\u2019 interests in the soft drinks business. The announcement was made on Monday. The newly formed entity is called Coca-Cola Beverages Lesotho. The other key shareholders in this venture are the Lesotho National Development Corporation (LNDC) and the Ministry of Finance. The deal was […]<\/p>\n","protected":false},"author":84,"featured_media":10620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,246,1244,245],"class_list":["post-10621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-coca-cola","tag-lesotho"],"yoast_head":"\nCoca-Cola acquires shares in MMB - Lesotho<\/title>\n<meta name=\"description\" content=\"COCA-COLA Beverages Africa (CCBA) has acquired Maluti Mountain Breweries\u2019 interests in the soft drinks business. 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