When Kevin Smith and his partners started a solar energy firm in Santa Monica in 2008, they expected to sell their technology to advanced economies in Europe and the United States. But much of the action has been in a part of the world Smith initially wrote off: Africa.
The Coca-Cola Company and its African bottling partners announced a new investment of $5bn during the U.S.-Africa Leaders Summit in Washington. The investment, to be made over the next six years, increases its total announced investment in Africa to $17bn from 2010 to 2020. The Company and its bottling partners anticipate that this investment will fund new manufacturing lines, cooling and distribution equipment and production; create additional jobs and opportunities across Coca-Cola's African supply chain; and support key sustainability initiatives and programs focused on safe water access, sustainable sourcing, women’s economic empowerment, community well-being and operational efficiency improvements.