Tibiyo MD congratulates Coca Cola Beverages Eswatini
Tuesday, 27 August, 2019

Speaking at the launch of Coca Cola Beverages Eswatini (CCBE) in Matsapha yesterday, the Managing Director Dr Absalom Themba Dlamini said he was hopeful that the company would put an end to the on-going shortage of Coca Cola drinks in the country’s retail space.

He thanked Coca Cola Beverages Africa (CCBA) for investing in the Kingdom of Eswatini, saying that it was encouraging to see corporate entities such as Coca Cola investing in countries within the SADC region and the continent. CCBA is in 13 countries across the continent, namely Botswana, Comoros, Ethiopia, Ghana, Kenya, Mayotte, Mozambique, Namibia, South Africa, Tanzania, Uganda, Zambia and now Eswatini. CCBE is a joint venture between Coca Cola Beverages Africa, which has a 60 percent stake and Tibiyo Taka Ngwane, which owns 40 percent.

We are always pleased when we see business taking the lead in integrating the economies of our region and the continent,” said Dr Dlamini, adding that Coca Cola was a reputable global brand that he hoped would continue to play an important role in the economic and social development of the country. “I would like to encourage you to consider investing in the education and skills development of the youth of this country,” he added. He said that Tibiyo Taka Ngwane had awarded more than 10,000 bursaries and scholarship to emaSwati, and creating more than 20,000 direct and indirect jobs through different companies where the organisation invested. He said that Tibiyo would support the new company because it appreciated business partnerships that contributed to economic growth and social development.

Dr Dlamini further challenged CCBE Eswatini to brace itself for a tough economic environment, calling upon the company to be tougher and innovative, “and use the current climate as an energising springboard for new and fresh ideas.” The investment in Coca Cola Beverages Eswatini has increased Tibiyo Taka Ngwane’s portfolio, which currently includes mining, agriculture, manufacturing, leisure and tourism, media and agro-processing.