Company news

Coca-Cola to invest US$100m in Kenya Coca-Cola Beverages Africa (CCBA), the continent’s largest soft drinks bottler, said on Wednesday it would invest US$100 million in Kenya over the next five years to improve infrastructure and launch new products.The company, which sells and distributes Coca-Cola Co products in Africa, plans to introduce 50 new products in Kenya to add to more than 130 existing ones in the country, local managing director Daryl Wilson said in an interview.“As the middle class is (growing)... they are wanting more variety,” he said, adding the new offerings would include various sugar-free and flavoured water beverages.-Nampa/ReutersSamsung Life sells US$ 1 billion shares in Samsung ElectronicsSamsung Life Insurance Co Ltd said on Thursday it sold 1.12 trillion won (US$1 billion) worth of its shares in Samsung Electronics Co Ltd.The stake sale, aimed at removing regulatory risks, was scheduled to be completed before Thursday’s market opening, it said in a regulatory filing.-Nampa/ReutersUber, Waymo in talks about self-driving partnershipUber Technologies Inc is talking with Alphabet Inc’s autonomous driving unit Waymo about using its technology on Uber’s ride-hailing app, Uber chief executive Dara Khosrowshahi said on Wednesday, signaling a possible thaw in relations between the firms.Khosrowshahi said on stage at the Code Conference that Uber’s relationship with Waymo was “getting better” since Uber in February agreed to pay Waymo US$245 million in shares to settle a legal dispute over trade secrets.-Nampa/ReutersIATA says Airline profits unlikely at forecast levelProfits in the airline industry are unlikely to reach the record levels forecast in December due to a jump in fuel costs, the head of the world’s leading air transport group said on Thursday.International Air Transport Association (IATA) chief executive Alexandre de Juniac said his organisation will issue fresh forecasts next week, and that airline profits were still likely to be robust.The December projections were based on oil at US$60 per barrel, Juniac said. Brent crude LCOc1 is currently over US$77 per barrel, having risen roughly 15% so far this year.-Nampa/ReutersAdidas takes lead over Nike in World Cup shirt dealsAdidas can declare itself the winner over arch rival Nike in the upcoming soccer World Cup even before the first match kicks off as it is kitting out the most teams.However, the German sportswear brand, which is also the official sponsor of the tournament, expects only a limited financial impact, partly because this year’s World Cup takes place in Russia, where the economy is in the doldrums.“The World Cup in Russia does carry lower financial opportunities than the similar event four years ago in Brazil,” Adidas chief executive Kasper Rorsted said earlier this month.-Nampa/Reuters

Company news

Kommentaar

Republikein 2026-08-04

Meld asseblief aan om kommentaar te lewer

Company news

Kommentaar

Republikein 2026-08-04

Meld asseblief aan om kommentaar te lewer

Intekening vereis om toegang tot inhoud te kry. ×

MELD AAN

Advertensie

Intekening vereis om toegang tot inhoud te kry.