The beverage industry in Zimbabwe is set to receive two multimillion dollar investments over the course of three years.
According to the CNBC Africa online news site, India’s so-called “cola king”, Ravi Jaipura, was convinced by one of Zimbabwe’s leading private investors, Adam Molai, to invest in a US$30-million bottling plant in the country. Jaipura’s company is the second largest bottler for PepsiCo – an American food and beverage multinational company – in India.
CNBC Africa cited Molai as saying the project was expected to commence this September. Molai’s company is reportedly also set to invest US$50 million in a juicing plant over the next three years.
