WASHINGTON, Aug. 5, 2014 – The
“As an organization that has
been part of the economic and social fabric of Africa since 1928, we and our
local bottling partners have seen, firsthand, the great promise and potential
of this dynamic, growing and vibrant continent,” said Muhtar Kent, Chairman and
CEO of The
Company has also signed a Letter of Intent to launch Source Africa, an
initiative to secure more consistent and sustainable local ingredient sourcing
for its products in partnership with the New Alliance for Food Security and
Nutrition and Grow Africa. The
initiative will initially focus on sustainable mango and tea production in
Kenya; citrus, mango and pineapple production in Nigeria; and mango in Malawi. Longer-term, the program could expand to focus
on sustainable ingredient production in Ethiopia, Senegal, Tanzania and
Mozambique. Source Africa builds on the
Kent added, “As a business, we’re committed to creating public value and helping our communities overcome development challenges. In Africa, we believe we can do more to source agricultural ingredients locally, with significant supply potential that’s underdeveloped and underutilised. Tapping this potential could accelerate the growth of our business and Africa’s emerging economies, making our supply chains more cost effective and enabling sub-Saharan Africa to supply more ingredients to growing markets in Africa and beyond.”
the Summit, Kent also announced that The
Through the RAIN program expansion, TCCAF and its public and private partners will work to improve sustainable safe water access for 6 million Africans; economically empower up to 250,000 women and youth; promote health and hygiene in thousands of communities, schools, and health centers; and return up to 18.5 billion liters of water to nature and communities.
To date, TCCAF has made investments and collaborated with more than 140 partners to reach 2 million people with sustainable, safe water access across at least 37 of Africa’s 55 countries by the end of 2015.
The Company and its Foundations also remain committed to other programs focused on improving community well-being and women’s economic empowerment in Africa, including:
Last Mile: In June 2014,
Coca-Cola, its Foundations, and public and private partners announced a $21 million expansion of the medical supply delivery program to an additional eight African countries over the next five years.
- 5by20: To date,
Coca-Colahas reached more than 370,000 women entrepreneurs in 18 African countries through its 5by20 economic empowerment initiative. Since 5by20 launched in 2010, more than 550,000 women entrepreneurs in the global Coca-Colavalue chain have been economically empowered on the initiative’s journey to reach 5 million by 2020.
Coca-Colais piloting its public-private partnership to bring sustainable community markets operated by women entrepreneurs in six countries in Africa, Asia and North America.
and enhance the economic development of the communities where we operate. Together with our bottling partners, we rank among the world's top 10 private employers with more than 700,000 system associates. For more information, visit
NOTE TO EDITORS:
Multimedia assets accompanying this release are available at:
RAIN 2020 Infographic: www.
RAIN 2020 Full-Page Image Gallery: www.
RAIN 2020 Broll: www.