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Coca-Cola expands African footprint with acquisition of Eswatini Beverages
date:Sep 02, 2019
Coca-Cola Beverages Africa (CCBA), under The Coca-Cola Company, has announced that it has acquired a 60 percent share in the soft drinks business of Eswatini Beverages, based in Eswatini (previously known as Swaziland). The remaining 40 percent of ECCB is owned by Swazi sovereign wealth fund Tibiyo Taka Ngwane. The non-alcoholic, ready-to-drink beverage brand will be referred to as Eswatini Coca-Cola Beverages (ECCB) and will operate as a subsidiary of CCBA.

Sanele Khumalo, Country Manager of E

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