Tag Archives: CocaCola

CNN Poll Reveals Nigerians Still Drinking Fanta, Sprite Despite Court Ruling.

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Despite being in the eye of the storm lately over the controversy surrounding benzoate preservatives, favourite beverage brands, Fanta and Sprite, appear to still enjoy the confidence and trust of Nigerian consumers, according to a CNN Poll.

Conducted by CNNAfrica via its twitter handle @CNNAfrica, the poll had 61% of Nigerians saying they weren’t bothered by the court ruling and are still drinking Fanta and Sprite compared to 39% who would rather not for now. The poll which was open for a limit period had 1,108 respondents, 170 retweets, 36 likes and 42 replies.

Interestingly, the numbers are a sharp contrast to what critics and some media headlines are reporting, speculating that consumers are boycotting both drinks. The CNN News sites even had a report too suggesting this, shortly before the poll was conducted. Talk about the power of brands…!

Here are some of the comments from the voters. I promise they will leave you in stitches. (LoL)

Coca Cola buys Africa’s largest Coke bottler.

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Anheuser-Busch InBev has agreed to sell its majority stake in Africa’s largest Coke bottler to the Coca Cola Company for $3.15 billion, the final planned divestment following its purchase of rival brewer SABMiller.

The world’s largest beer maker and Coca Cola said in a joint statement on Wednesday that they had agreed the transfer of AB-InBev’s 54.5 per cent stake in Coca-Cola Beverages (CCBA).

CCBA has operations in South Africa, Namibia, Kenya, Uganda, Tanzania, Ethiopia, Mozambique, Ghana, Mayotte and Comoros.

The companies have also reached an agreement in principle for Coca-Cola to acquire AB-InBev’s interest in bottling operations in Zambia, Zimbabwe, Botswana, Swaziland, Lesotho, El Salvador and Honduras for an undisclosed amount.

The transactions, subject to relevant regulatory and minority approvals, are expected to close by the end of 2017.

Coca Cola said it planned to hold all operations temporarily until they can be refranchised to other partners. Its existing bottling partners include Coca-Cola European Partners and Coca-Cola Hellenic.

AB-InBev has now raised some 27 billion dollars from divestments of SABMiller’s European, U.S. and Chinese-interests, recouping more than a quarter of the 79 billion pounds ($97.7 billion) it paid for the world’s-second-largest-brewer.

Coca-Cola Co said in October it would exercise its right to buy AB InBev’s stake in Africa’s CCBA after the brewer’s takeover of SABMiller.

AB InBev is a major bottler of Coke rival Pepsi in Latin America.

Coke, which formed CCBA along with SABMiller and the South-African-owners of bottler Coca-Cola Sabco in 2014, had retained the right to buy SABMiller’s stake in the event of a change of control at the brewer.