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Coca-Cola acquires soft drinks stake in MMB

Coca-Cola acquires soft drinks stake in MMB
Coca-Cola acquires soft drinks stake in MMB
Bereng Mpaki
COCA-COLA Beverages Africa (CCBA) has acquired a stake in the soft drinks section of the Maluti Mountain Breweries (MMB) through a new entity called Coca-Cola Beverages Lesotho (CCBL).
The new entity, co-owned by CCBA and the Lesotho National Development Corporation (LNDC), will operate as a subsidiary of CCBA. CCBA will have management control of CCBL.
According to CCBA statement yesterday, CCBL began operations on 10 May 2021.
CCBA bottles and distributes beverages whose trademarks are owned by The Coca-Cola Company (TCCC) or TCCC’s affiliated entities and is the world’s eighth largest Coca-Cola bottler by revenue and the largest on the continent. It accounts for 40 percent of all Coca-Cola products sold in Africa. ....

Lesotho General , South Africa , Bereng Mpaki , Cola Company , Lesotho National Development Corporation , Maluti Mountain Breweries , Coca Cola Beverages Lesotho , Coca Cola Company , Gutsche Family , லெஸோதொ ஜநரல் , கோலா நிறுவனம் , லெஸோதொ தேசிய வளர்ச்சி நிறுவனம் , கோகோ கோலா நிறுவனம் ,

Alcohol levy could be disastrous for Lesotho – Wagamang

Alcohol levy could be disastrous for Lesotho – Wagamang
THE implementation of the proposed 15 percent alcohol levy in the
hopes of collecting M289m to supplement its budget deficit, Lesotho is doing itself a disservice as other African countries that have been down this road have proven that higher levies result in less revenue.
This is according to AB InBev Lesotho representative Sesupo Wagamang.
Mr Wagamang said the Lesotho government will inadvertently leave
itself and its people even more cash strapped when the state coffers
desperately need it.
after sustained overtures by the government to implement a 15
percent alcohol levy and a 30 percent levy on tobacco products. ....

South Africa , Lesotho General , Sesupo Wagamang , Thabo Sophonea , Moeketsi Majoro , African Customs Union , Bev Lesotho , Prime Minister Moeketsi Majoro , Levy Bill , Alcohol Products Levy Bill , Customs Union , Lesotho Ministers , Maluti Mountain Breweries , லெஸோதொ ஜநரல் , பேவ் லெஸோதொ , வசூல் செய்தல் ர சி து , ஆல்கஹால் ப்ராடக்ட்ஸ் வசூல் செய்தல் ர சி து , சுங்க தொழிற்சங்கம் , லெஸோதொ அமைச்சர்கள் ,