May 31 (Bloomberg) -- Coca-Cola Co., the world’s largest soft-drink maker, plans to set-up a bottling plant in the breakaway republic of Somaliland, saying its stability and economic growth provide “conducive” conditions for investment.
Somaliland Beverage Industries, owned by local businessman Ahmed Osman Guelleh, was awarded a license to operate the factory that’s under construction and expected to start operating by the end of September, Ndema Rukandema, Coca-Cola’s franchise general manager for the Horn, Islands and Middle Africa, said yesterday. Coca-Cola has so far invested $10 million to build the facility in Hargeisa, the capital.