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Coca-Cola Invests $10 Million in Somaliland Bottling Plant

Well, we know the Djiboutian public money is routinely invested in the self-declared Somaliland without any knowledge of the majority rightful owners (Ayka and Ilka-Goran) but not large industrial scale, Berbera Port and Airport are booming at the expense of Djiboutian Ports and Airport again thanks to Ahmed Osman Guelleh-Arab.

One might ask himself or herself when did Ahmed Osman Gulleh-Arab become a local businessman of the self-declared Somaliland and why his favourite charity is Edna Aden Hospital of self-declared Somaliland.

Sarah McGregor

Coca-Cola Co., the world’s largest soft-drink maker, plans to set-up a bottling plant in the breakaway republic of Somaliland, saying its stability and economic growth provide “conducive” conditions for investment.

Somaliland Beverage Industries, owned by local businessman Ahmed Osman Guelleh, was awarded a license to operate the factory that’s under construction and expected to start operating by the end of September, Ndema Rukandema, Coca-Cola’s franchise general manager for the Horn, Islands and Middle Africa, said yesterday. Coca-Cola has so far invested $10 million to build the facility in Hargeisa, the capital.

Somaliland declared independence from Somalia two decades ago, after the fall of dictator Mohammed Siad Barre. While no country officially recognizes Somaliland’s sovereignty, it has remained largely free of the clan warfare, kidnappings and assassinations that plague Somalia, to the southeast.

Coca-Cola enters an economy that the government says is almost entirely reliant on remittances sent home from citizens living abroad and the proceeds of camel, cattle, sheep and goat exports to the Middle East and North Africa. Output from the plant is meant to substitute sales from Coca-Cola beverages currently imported from the Middle East, Rukandema said.

“Somaliland is a growing economy, made buoyant by the level of trading activity in the country,” Rukandema said in an e- mailed response to questions. “The stability that the country has enjoyed over the last several years is a positive indication of a conducive business environment.”

Coca-Cola’s agreement with United Bottling Co., its partner in Somalia’s capital of Mogadishu where Africa Union troops and government forces are trying to drive out Islamic rebels, is “not in effect,” and production has been halted, he said.

Somalia’s government has been battling Islamist insurgents, including al-Shabaab, since 2007. The rebels control most of southern and central Somalia. The U.S. accuses al-Shabaab of having links to al-Qaeda, which has said it aims to establish a caliphate, or Islamic government, in the Horn of Africa country.

About labo22

Hi, this is Labaale your average concerned citizen of Horn of Africa, we’re really worried about the stability of this war torn region, we have the worst dictators from around the world, ironically supported by the Western Countries supposedly the advocators of democracy, transparency, good governance and human Right, If regime change is really needed this is the place to start, we have no short of rootless dictators from MELES Zenawi of Ethiopia,ISMAIL Guelleh of Djibouti,RAYAALE Kahin of self-declared Somaliland and ISAIAS Afwerk of Eritrea.


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