Business highlights-September 5 2017 Looming cut-off puts Coca Cola staff jobs on the line

Business highlights-September 5 2017 Looming cut-off puts Coca Cola staff jobs on the line

Looming cut-off puts Coca Cola staff jobs on the line

An unknown number of employees in Coca Cola Beverages might be losing their jobs over the next two years.

This follows the acquisition of the firm by The Coca Cola Company after the Competition Authority of Kenya approved the merger between Coca Cola Beverages Africa Proprietary Limited and the American multinational beverage firm, The Coca Cola Company.

READ ALSO: Coca Cola Company, partner organisations contribute Ksh1 billion to famine relief efforts in Africa

Head of Marketing, Kenya at Coca-Cola Lucy Oduor,Satyajit Ram (center) with Brand ambassador models at the launch of Coca Cola Zero Sugar.

The cut-off will affect staff at the  the beverages plant in Molo, Equator Bottles and those in administrative positions in Nairobi Beverages Limited and Crown Beverages Limited companies.

The acquisition comes barely three months after Coca Cola acquired Kisumu’s Equator Bottlers.

Horticulture exports grow by Ksh6 billion in 2017 half year

Kenya’s horticultural exports to Europe grew by Ksh6 billion to Ksh64 billion in the first six months of 2017 to compared to Ksh58 billion reported in the same period in 2016.

Cut flowers exports increased by 23% with 85 metric tonnes sold for Ksh48 billion up from 49 metric tonnes sold last year.

READ ALSO: Kenya horticultural exports overcome Brexit effect, grow by 20%

French beans are delivered to a pack-house in Nairobi, Kenya on March 12, 2013where they will be graded, cut and packaged for delivery to supermarkets in the European Union. (Credit Image: © Ric Francis/ZUMAPRESS.com)

March was this year’s best month where 14.4 metric tonnes worth Ksh11.1 billion were exported compared to 12.4 metric tonnes sold for Sh8.4 billion.

Fresh fruit sales also grew in the period under review with 37.3 metric tonnes worth Sh5.3 billion, compared to 2016 earnings of Sh30.1 metric tonnes that earned farmers Sh4.3 billion.

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