Coca Cola to invests 62 million USD in Kenya-which will be channeled towards modernization of equipment and expanding existing capacity as well as increasing its presence in juice-,reinforces the US$ 12 billion investment commitment for the continent by the year 2020. Already, the beverage giant has pumped US$ 6 billion into the African economy over the last decade.(Nairobian Perspective )
Nokia, the global mobile phone maker and solutions provider, sees mobile internet and applications as next growth frontier for Sub-Saharan Africa that will help transform the continent’s socio-economic growth.New figures indicate that Africa is recovering strongly from the global recession with economic growth, a factor that may help drive penetration of mobile connectivity to 69 percent by 2014, compared to 49 percent in 2009.
Samsung will be focusing on Africa’s top 10 economies, which together generate 79 percent of the continents wealth and house almost 47 percent of the population.[Samsung ]
ForgetMeNot Africa introduces to teh African telecom market the first two-way SMS facebook service available on any basic mobile phone.The company ’s Message Optimiser technology converts Facebook action and Facebook chat messages into SMS format enabling millions of cellphone subscribers accross the continent to access Facebook.
- Coca-Cola poised to pump USD 62 million into Kenya (siku-moja.blogspot.com)
- Coca-Cola Invests $10 Million in Somaliland Bottling Plant (labo22.wordpress.com)