Coca-Cola Beverages Africa Acquires Majority Stake in Eswatini Bottler

Coca-Cola Beverages Africa (CCBA) has announced that it has acquired a 60 percent share in the soft drinks business of Eswatini Beverages Limited. The non-alcoholic, ready to drink business in Eswatini will be referred to as Eswatini Coca-Cola Beverages (ECCB) and will operate as a subsidiary of CCBA.

The remaining 40% of ECCB is owned by Tibiyo Taka Ngwane.

Sanele Khumalo, country manager of ECCB, says that every effort will be made to minimise any disruption to customers. She notes that ECCB has appointed Logico Unlimited as the official distributor of all Coca-Cola products in Eswatini. Logico will also be responsible for collection of monies owed, while ECCB will be responsible for the negotiations of trading terms and relationships with customers.

“Eswatini customers will benefit from being part of a consolidated, successful Coca-Cola ecosystem that spans the continent, creating new opportunities for everyone across the value chain,” Khumalo says. “Access to shared best practices will enhance efficiencies and a better distribution capability will provide pervasive availability of cold beverages to end-customers,” she says. “We will also be able to respond to consumer demand more quickly.”

Expanding African footprint

CCBA is the 8th largest Coca-Cola bottling partner in the world by revenue, and the largest on the continent. It accounts for 40% of all Coca-Cola products sold in Africa by volume. The company’s African footprint now encompasses South Africa, Ghana, Ethiopia, Uganda, Kenya, Tanzania, Namibia, Mozambique, Comoros, Mayotte, Zambia, Botswana and now Eswatini.

The group employs more than 16,000 people directly, almost half of them in South Africa.

“Expanding our African footprint brings huge benefits to local consumers and businesses. By leveraging scale, we can do more for our customers and also drive our sustainability goals. The creation of ECCB is another milestone in that strategy,” Khumalo concludes.

 

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Sources: [1], [2]. Image sources: [1], bradley [2].

Swaziland King Renames Country ‘Kingdom of eSwatini’

King Mswati III declares name change 50 years after independence from British rule

The king of Swaziland, Africa’s last absolute monarchy, has announced that his country has changed its name to the Kingdom of eSwatini to mark 50 years since independence from British rule.

Meaning “place of the Swazi”, eSwatini is the Swazi language name for the tiny state landlocked between South Africa and Mozambique. Unlike some countries, Swaziland did not change its name when it gained independence in 1968 after being a British protectorate for more than 60 years.

King Mswati III declared the name change during independence day celebrations at a packed sports stadium in the second city of Manzini. “I would like to announce that Swaziland will now revert to its original name,” he said, wearing red military uniform.

“African countries on getting independence reverted to their ancient names before they were colonised. So from now on, the country will be officially be known as the Kingdom of eSwatini.”

The name Swaziland angers some citizens as it is a mix of Swazi and English.

The move had been mooted for years, with lawmakers considering the issue in 2015. The king had used the new name in previous official speeches.

Mswati, who was crowned in 1986 aged 18, rules by decree. Political parties are banned from taking part in elections and only candidates approved by chiefs loyal to the king can stand for office. The country has a population of about 1.3 million people.

The name change could mean the country’s constitution is rewritten, as well as changes for the royal Swaziland police force, the Swaziland defence force and the University of Swaziland.

After independence, Rhodesia became Zimbabwe, Nyasaland became Malawi, and Bechuanaland became Botswana.

 

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Sources: The Guardian [1]. Image sources: [1].