Coca-Cola, United States’ Soft drink giant is planning to exit the African market.
This is coming after a meeting with the company's potential partners.
It was gathered that Coca-Cola is considering a sale in the Sub-Saharan market but the specific location has not been stated.
However, persons close to the beverage manufacturer’s internal operations said an initial public offering is on the table.
If either of the exit plan is considered, the company’s operations in Africa currently worth $6 billion.
The American company account for 66.5 percent stake in the African subsidiaries, one of which is Coca-Cola Nigeria.
However, uncertainty still surrounds the exit talks.
It was gathered that one of the reasons Coca-Cola is considering its exit from African market is the desire to reduce the amount of capital it invested on the continent following an unprecedented COVID-19 pandemic which shook Africa and global trade.Thus is not a bad idea for them to exit A the Africa market beside we have many soft drink companies
But people are still in for their plastic products especially in ilorin the city which they have left and barutin Local Government is a place for them in Africa I don't know why they want to exit in barutin Local Government they can get everything cheap especially Earth's natural resources
This is so bad idea to close dowm the market may god help us
That will be good for emerging soft drink companies in Nigeria.
It is so bad to close down the market in Af
This is not a good news..I will miss my favorite beverage
That good but they should please consider it very well before final decision.
If they want to exit African market they can go ahead as long we have other soft drinks
Thus is not a bad idea for them to exit A the Africa market beside we have many soft drink companies.
If they want to exist African market no problem since they are not the only one..
considering the outside country that can't afford the luxury drink,
They can't because they know how much they get in return
It's might not be a bad idea in the long run,it's merely a wake up call for our indigenous soft drinks company
Bad omen for Africa market. But we're not to blame, the pandemic affected almost every facet of life
I don't know if you are interested in the app and it was a great time and you are you ready to subscribe for a month and a profile picture
GB of data and I will be there at the same time I don't have a car so I can get a ride to the airport on Friday and
It's not a good idea to close down the market
This is so bad idea to close dowm the market may god help us!!!
Thus is not a bad idea for them to exit A the Africa market beside we have many soft drink companies!!
If they want to exist African market no problem beside Africa still got many other soft drink companies.
This is a bad idea we will suffer for it if they leave Africa
This is coming after a meeting with the companys potential partners
This is really bad idea to close dowm the market in Africa, may god help us
No, that's a bad ideas to close down the market
I do not think it is a good option for because it will surely have a negative effective just pray they don't cos I go miss d drink
That is really for for some other soft drinks industry to emerge and have a huge sale in their products.
It is so sad to see this well we still have some other drinks
They should please look for a way to resolve the issue because life are depending on it
They should consider it well before .making there final decision some like d drink
This will be a big blow to them and a huge loss They don't know it yet but African countries are the highest consumer of Coca cola products
But people are still in for their plastic products especially in ilorin the city which they have left and barutin Local Government is a place for them in Africa I don't know why they want to exit in barutin Local Government they can get everything cheap especially Earth's natural resources Reply
This is not good news for nigeria and beside we have many soft drink we can make use of them, and nigeria should wake up
Thus is not a bad idea for them to exit A the Africa market beside we have many soft drink companies. Nice
The decision to exit the African continent is within there power within there power either positive or negative. There are many soft drink we can buy HERE IN Nigeria.
Where do they think they're going. They had better not do that, it's one of my favorite soft drinks
This is coming after a meeting with the company's potential partners.
They know what best for their company. But it will an added advantage to other beverage companies in Africa
This idea is so bad, why are dey close them I pray may God help us in this country
This good and bad news at the same time, That will be good for emerging soft drink companies in Nigeria.
Wow such great news Though lots of people still do prefer plastic coke better to anyone
I don't think African countries are bad for their products And if they are to move to a place where their products will sell fast They should consider African countries cos most of us are still patronizing them
That is good but they should kindly consider it very well before final decision.
Is good but they should give it a second thought
They should do what their mind tells them for African has other soft drinks to leverage on
Ahhhh... The is really going to affect African economy because this drink I the most reted among all
Most selling drink store in Africa.. It going to affect a lot ooo
Please don't go I really like coke and I enjoy talking it everyday
Covid 19 foot print can be seen in every aspect of our lives. Though this news can be true, as the company continues to make it sales inspite of Covid and beverages are not perishable goods that are most affected by the lockdown
However, persons close to the beverage manufacturer’s internal operations said an initial public offering is on the table.
It's not really bad tho, we already have lots of company which are cheaper in price and sweeter in taste
