Prime

Belgium beer maker sells Coca-Cola Africa stake for Sh315bn

Coca- Cola chairman and CEO Muhtar Kent with the safety box that contains the 125-year-old secret Coke formula. He hailed the deal, saying it took interests of all parties. PHOTO | AFP

Belgium-based beer maker, Anheuser-Busch InBev (AB InBev) has exited the Africa soft drinks by selling its stake in Coca-Cola Beverages Africa (CCBA) for Sh315 billion.

The deal will see the world’s leading beer maker cede its entire 54.5 per cent stake in CCBA’s companies in Kenya and in nine other countries.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME Kenya cash outflows fall by Sh25bn on Trump NGO cuts

  2. Banking lobby chief on scaling private sector credit, rates outlook and recent sector reforms

  3. PRIME 'Odd was ordinary': The unusual life of Anselm Croze

  4. PRIME Banks term capital rules on large lenders ‘premature’

In the headlines

View All