East Africa richest man takes on Coca Cola with Sh6.5bn Kenya plant

Author: Vincent OwinoPublished on: May 13, 2026Country: Kenya

Business & Economy

East Africa richest man takes on Coca Cola with Sh6.5bn Kenya plant

Tanzanian conglomerate MeTL Group is planning a Sh6.5 billion soft drinks plant in Mombasa, posing a regional challenge to Coca-Cola and Pepsi in Kenya's beverage market. The plant will produce MeTL's signature drinks, including Mo Cola, which have gained popularity in Tanzania. Mohammed Dewji, the CEO of MeTL and East Africa's richest person, aims to undercut Coca-Cola prices to capture market share.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Nigeria faces connectivity loss if aviation costs persist, IATA warns

Business & EconomyNigeria

Dickson Omobola•4m ago

Nigeria faces connectivity loss if aviation costs persist, IATA warns

The International Air Transport Association (IATA) has warned that Nigeria risks losing aviation connectivity if operating costs and uncertainties persist. At the 82nd Annual General Meeting in Rio de Janeiro, Director-General Willie Walsh highlighted that infrastructure has not kept pace and high business costs make the market unattractive for airlines. He cited Sweden's example, which lost connectivity after imposing an aviation tax.

Without immigration, 400,000 jobs will remain vacant in Switzerland in ten years – La Nouvelle Tribune

PoliticsBusiness & EconomySwitzerland

Francis Noude•2h ago

Without immigration, 400,000 jobs will remain vacant in Switzerland in ten years – La Nouvelle Tribune

On June 14, 2026, Swiss voters decide on the UDC's 'No Switzerland at 10 million!' initiative, which would cap the population at 10 million. Employers and unions unanimously oppose it, arguing it would lead to a shortage of 400,000 workers in ten years and threaten bilateral agreements with the EU. The 'guillotine clause' could cost 12% of Swiss GDP, according to the Federal Council.

Côte d’Ivoire Aims to Develop the Video Game Ecosystem, a Sector with Strong Employment Potential

Business & EconomyTechnologyCôte d'Ivoire

Donald GONLI•2h ago

Côte d’Ivoire Aims to Develop the Video Game Ecosystem, a Sector with Strong Employment Potential

At a press conference in Abidjan, video game expert Emmanuel Yao highlighted that the gaming industry generates more revenue than music and cinema combined, with a market of $1.8 billion according to Jeune Afrique. To train youth, the École Supérieure des Technologies, Arts Numériques et Réalités Virtuelles (ESTARV) offers specialized degree programs, the first of their kind in Côte d'Ivoire. The goal is to establish a local video game studio capable of competing internationally, bringing together developers, writers, graphic designers, and marketers.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more