UAC of Nigeria Plc (UAC) has officially completed the acquisition of CHI Limited, the Nigerian food and beverage giant best known for Chivita and Hollandia, from The Coca-Cola Company. The company confirmed the completion of the deal in a statement issued on Friday by Ayomipo Wey, its company secretary. According to the statement, the acquisition […]
Coca-Cola Co. boosted worldwide ad spending by 12.2 per cent in the first nine months of 2022 as against 2021, according to figures in a quarterly regulatory filing. The advertising spend is in line with a 12.6 per cent increase in the beverage giant’s revenue. Adspend in the first three quarters suggests the beverage marketer’s […]
Coca-CEO Cola’s told CNBC on Monday that the company would increase prices on its beverages to offset the effects of rising product costs. The soda company enters the ranks of other consumer behemoths including Kimberly-Clark and J.M. Smucker. Smucker is raising their rates. While the switch will help their profit margins, it may come at […]
In line with Coca-Cola Foundation’s commitment to fostering a World without waste, it has awarded grants to the Africa Clean Up Initiative, pioneers of the famous Recycles Pay and Clean-Up Naija project. Coca-Cola’s Foundation disclosed that the grants are aimed at bolstering efforts to reduce waste created by food and beverage packaging waste and other […]
Coca- Cola’s senior vice president and communications and sustainability officer, Bea Perez has highlighted reasons the company will not ban the use of plastic bottles in packaging their product to their customers. Perez said during the 2020 World Economic Forum held at Davos, Switzerland, that Coca-Cola will not ditch single-use plastic bottles because consumers still […]
James Quincey, Chief Executive Officer of Coca-Cola, recently told his African audience in the course of his visit to Nigeria and South Africa that the company will not waver in its strategy of upholding consistency in driving a total beverage vision. His words: “Together with our bottling partners, we continue to reinforce our stake on the continent […]
Coca-Cola Chief Executive Officer, James Quincey has stated that the African region is the Company’s Future growth driver. Quincey, who stated this during his recent visit to Nigeria and South Africa, said his visit was a testament of Coca-Cola’s commitment to Africa and its interest in the vast opportunity that the continent presents in driving […]
Washington – The Federal Government is considering introducing excise duties on carbonated drinks, according to the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed. Ahmed gave the indication in an interview with newsmen on Thursday on the sidelines of the ongoing World Bank/IMF Annual Meetings in Washington DC, United States. She said the […]
Nigeria went down one notch in the latest FIFA Coca Cola World ranking of national teams announced today. The Super Eagles who will be playing in the Russian World Cup, were ranked 52nd, one place down from their position last month. Cameroon slid six points to displace Nigeria at 51st. Tunisia were the first African […]
Coca-Cola Nigeria has commenced the Global Management Challenge (GMC) for the first time in Nigeria, playing a lead sponsor role. The company revealed to DAILY Times Nigeria that the move is to further reinforce the company’s commitment to harnessing the underlying potentials of Nigerian youths as the beverage giant The Global Management Challenge is the […]
Towards improving maternal and newborn health in Africa, the Coca-Cola Company is set to launch a new program tagged, ‘The Safe Birth Initiative’ aimed at supporting the Ministries of Health in Nigeria and Ivory Coast to tackle the high incidence of maternal and infant mortalities in the two countries. This was disclosed by the Coca-Cola […]
In a renewed move to ensure that food and drinks manufactured in the country do not contain any substances that could be harmful to health, the Federal government has set up a committee to investigate some complaints on Coca Cola, Fanta, Sprite and other beverages consumed in the country. This development was contained in a […]
As the 2017 edition of the Copa Coca-Cola grassroots football tournament draws near to its Regional stage, it is now inappropriate to evaluate how the under-15 secondary school’s football initiative is impacting Nigeria’s grassroots and youth development. This year, over 100,000 teens were registered by the Nigeria School Sports Federation (NSSF), across the 36 states […]
At the largest annual gathering of African entrepreneurs, held in Lagos, Nigeria, the Tony Elumelu Foundation (TEF) hosted almost 1,000 women and men from 54 African countries, for the 2nd TEF Entrepreneurship Forum. The Forum celebrates the 2016 cohort of Elumelu Entrepreneurs, selected from over 45,000 applicants. It is the annual highlight of the Tony Elumelu Entrepreneurship Programme and saw the presence of leading policy makers and business leaders from across Africa, giving their support to the Foundation and its promise to […]