The Coca-Cola Company Archives | Tech | Business | Economy https://techeconomy.ng/tag/the-coca-cola-company/ Tech | Business | Economy Fri, 03 Oct 2025 16:56:40 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png The Coca-Cola Company Archives | Tech | Business | Economy https://techeconomy.ng/tag/the-coca-cola-company/ 32 32 BREAKING NEWS: FCCPC Approves Sale of Chivita|Hollandia (CHI Limited) to UAC of Nigeria https://techeconomy.ng/breaking-news-fccpc-approves-sale-of-chivitahollandia-chi-limited-to-uac-of-nigeria/ https://techeconomy.ng/breaking-news-fccpc-approves-sale-of-chivitahollandia-chi-limited-to-uac-of-nigeria/#respond Fri, 03 Oct 2025 16:56:39 +0000 https://techeconomy.ng/?p=168734 The Federal Competition and Consumer Protection Commission (FCCPC) has approved the sale of Chivita|Hollandia (CHI Limited) to UAC of Nigeria PLC (UAC), and the transaction has now been closed.    This was announced today by The Coca-Cola Company. This follows the July 30, 2025 announcement of an agreement for the sale of Chivita|Hollandia (CHI Limited), […]

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The Federal Competition and Consumer Protection Commission (FCCPC) has approved the sale of Chivita|Hollandia (CHI Limited) to UAC of Nigeria PLC (UAC), and the transaction has now been closed.   

This was announced today by The Coca-Cola Company.

This follows the July 30, 2025 announcement of an agreement for the sale of Chivita|Hollandia (CHI Limited), a leading Nigerian food and beverage company with market-leading brands in value-added dairy and juice.

“We are pleased to have received regulatory approval for this transaction,” said Eelco Weber, Managing Director of Chivita|Hollandia (CHI Limited). “We look forward to a smooth transition and to seeing Chivita|Hollandia (CHI Limited) thrive under UAC’s ownership.”

Fola Aiyesimoju, group managing director of UAC, commented: “We are excited to officially welcome the Chivita|Hollandia (CHI Limited) team and brands into the UAC family, and we are eager to work together to build on their strong legacy and market leadership.”

Continue Reading this story >>> Here.

UAC is a holding company focused on domestic manufacturing, marketing, and distribution of leading consumer brands in Africa.The company operates nine manufacturing facilities and several logistics and distribution hubs across Nigeria, with 5,000 employees.

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TRUMP 2.0: How Nigerian Media is Tracking Trump’s Presidency and Why Brands Should Care https://techeconomy.ng/trump-2-0-nigerian-media-and-why-brands-should-care/ https://techeconomy.ng/trump-2-0-nigerian-media-and-why-brands-should-care/#respond Tue, 28 Jan 2025 09:11:17 +0000 https://techeconomy.ng/?p=152015 Donald Trump’s inauguration as the 47th President of the United States has once again thrust the world’s attention to the U.S., with Nigerian media providing significant coverage and analysis. From policy implications to economic ties, Trump’s re-entry into the White House holds implications for global geopolitics, especially for Nigeria. This article explores the Nigerian media’s […]

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Donald Trump’s inauguration as the 47th President of the United States has once again thrust the world’s attention to the U.S., with Nigerian media providing significant coverage and analysis.

From policy implications to economic ties, Trump’s re-entry into the White House holds implications for global geopolitics, especially for Nigeria.

This article explores the Nigerian media’s portrayal of Trump’s return to power, the sentiment reflected in the coverage, and the critical role of continuous media monitoring and intelligence for policymakers, businesses, and global brands operating in Nigeria.

Nigerian media has been abuzz with discussions ranging from Trump’s controversial policies during his first term to speculations about what his leadership could mean for Africa.

During the inauguration, notable themes of economic revival and national pride were underscored, with Trump promising a golden age for America.

(NPR.org) Yet, Nigerian outlets have cautiously emphasized the risks his leadership might pose to U.S.-Africa relations, focusing on issues like trade, immigration, and foreign aid.

Nigerian media monitoring and intelligence consultancy P+ Measurement Services have identified a few critical trends in Trump-related coverage within Nigeria:

1. Media Exposure Share: Analysis shows that 58% of the stories about Trump’s inauguration and its potential impact on Nigeria appeared in major print and online publications such as The Guardian Nigeriadaily.ng, and ThisDay.

Broadcast media accounted for 29% of coverage, while social media discussions made up the remaining 13%. This distribution underscores the importance of print and online platforms in shaping public perception and discourse.

2. Sentiment Analysis: Neutral to negative sentiments dominated the narrative, with 62% of analyzed articles adopting a cautious tone. Coverage focused on concerns over Trump’s history of unpredictable policies, trade wars, and his limited engagement with Africa during his previous term. Positive sentiment accounted for just 21%, largely emphasizing hopes for improved trade relations or potential policy shifts favouring Africa.

3. Earned Media Performance: Media intelligence from P+ Measurement Services highlights that Nigeria generated significant earned media exposure about Trump, with mentions of “Nigeria” in U.S. inauguration coverage up by 19% compared to Biden’s inauguration four years ago. However, much of this media engagement stemmed from concerns rather than optimism.

4. Reputation and Policy Context: Trump’s first presidency saw restrictions on immigration and limited engagement with African development initiatives.

Many Nigerian commentators fear his return could amplify these challenges, particularly around visas, trade agreements like AGOA, and strategic defense collaborations.

The results emphasize the necessity of continuous media monitoring and intelligence for three key stakeholder groups in Nigeria:

  • Policymakers: Nigerian government officials must leverage near-real-time media analysis to understand policy shifts in Washington and how they impact Nigeria. With the U.S. being a major trading partner, monitoring Trump’s statements, speeches, and executive orders can provide early warnings about potential changes to tariffs, sanctions, or aid structures. Policymakers can use this data to craft timely responses and maintain Nigeria’s strategic positioning on the global stage.
  • Corporate Brands in Nigeria: Companies engaged in sectors such as agriculture, oil and gas, and technology must monitor global economic trends sparked by Trump’s policies. For example, renewed energy dominance strategies by the U.S. may disrupt Nigeria’s crude oil exports. Similarly, stricter immigration laws could limit talent mobility for Nigerian tech firms with global ties.
  • Global Brands Operating in Nigeria: Multinationals like Procter & GambleMTN Nigeria, and The Coca-Cola Company must consider how Trump’s “America First” policy could impact supply chains, investments, and partnerships. Continuous media sentiment tracking within Nigerian media offers these brands valuable insights into local consumer behaviour and reputation management in response to U.S. policy shifts.

As we look ahead, Trump’s policies and their global implications will continue to shape media narratives in Nigeria.

Nigerian stakeholders—across public and private sectors—must remain agile, leveraging insights derived from structured media intelligence to safeguard their interests and anticipate changes effectively.

*Philip Odiakose is a leader and advocate of PR measurement, evaluation and media monitoring in Nigeria. He is also the Chief Media Analyst at P+ Measurement Services, a member of AMECNIPR and AMCRON

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John Murphy to Take Over as President, CFO The Coca-Cola, October 1 https://techeconomy.ng/john-murphy-to-take-over-as-president-cfo-the-coca-cola-october-1/ https://techeconomy.ng/john-murphy-to-take-over-as-president-cfo-the-coca-cola-october-1/#respond Thu, 21 Jul 2022 15:08:54 +0000 https://techeconomy.ng/?p=79261 Murphy, who currently serves as Executive Vice President and CFO, will add the President role following the retirement of Brian Smith

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The Coca-Cola Company today announced that John Murphy will become President and Chief Financial Officer effective October 1, 2022. 

John Murphy, who currently serves as Executive Vice President and CFO, will add the President role following the retirement of Brian Smith.

Smith, 66, has served as President and Chief Operating Officer since 2019. He will remain with the company as a senior executive through February 2023.

Brian has made innumerable contributions to the Coca-Cola system during his 25 years with the company,” said James Quincey, Chairman and CEO of The Coca-Cola Company. “I thank him for his service and, on behalf of the company, wish him all the best.”

Murphy, 60, has served as CFO since 2019. He oversees Mergers & Acquisitions, Investor Relations, Global Strategy, Tax, Treasury, Audit, Accounting and Controls, Reporting and Analysis, Real Estate and Risk Management. As president and CFO, he will take on expanded duties, including oversight of Global Ventures; Platform Services; online-to-offline (O2O) digital transformation; and customer and commercial leadership.

John has been a vital business partner and leader at the company,” Quincey said. “As president and CFO, John’s new role will be instrumental in driving critical, enterprise-wide imperatives across the Coca-Cola system.”

Brian Smith - John Murphy to Take Over as President, CFO The Coca-Cola October 1
Brian Smith

About Brian Smith

Smith became president and COO in 2019 following two years as president of the company’s former Europe, Middle East and Africa Group. He had responsibility for operations of six business units spanning from Western Europe to Russia to Southern Africa.

Prior to that role, Smith was group president of Latin America from 2013 to 2016. His key areas of focus included the development and effective deployment of talent, along with building Coca‑Cola leadership in still beverage categories via new, aligned system business models and bolt-on acquisitions in juices, teas and dairy.

Smith joined Coca‑Cola in 1997 as Latin America group manager for mergers and acquisitions. He was responsible for bottler and brand transactions and helped formulate and execute system franchise strategies.

From 2001 to 2002, he worked as executive assistant to the company’s chief operating officer and vice chairman. From 2002 to 2008, he was president of the Brazil division and, from 2008 to 2012, served as president for the Mexico division.

The company is evaluating its future plans for the chief operating officer role. The company’s operating unit presidents will report to Quincey on an interim basis.

About John Murphy

As CFO, Murphy is responsible for leading the company’s global finance organization and representing the company with multiple stakeholders, including investors, lenders and rating agencies.

From 2016 to 2018, Murphy served as president of the company’s former Asia Pacific group. He was also responsible for the company’s Bottling Investments Group, primarily focused on key markets in Southeast and Southwest Asia.

From 2013 to 2016, Murphy served as president, South Latin business unit, where he was responsible for operations in Argentina, Bolivia, Chile, Paraguay, Peru and Uruguay. From 2008 to 2012, he was president, Latin Center business unit, responsible for operations in 31 countries in Central America, the Caribbean and the Andean Region.

He began his career at Coca-Cola in 1988 as an international internal auditor and, in 1991, moved to Coca-Cola Japan as executive assistant to the CFO. He went on to serve in expanded responsibilities in various finance, planning and operations roles at Coca-Cola Japan and subsequently worked for the Coca-Cola bottling partner in Singapore, F&N Coca-Cola Ltd.

In 1996, Murphy returned to Coca-Cola as region manager in Indonesia. In 2000, he served as vice president of Business Systems in Coca-Cola North America before returning to Coca-Cola Japan as executive vice president and CFO. In 2004, he was promoted to deputy president of Coca-Cola Japan before returning to Atlanta in 2005 as vice president of strategic planning for Coca-Cola, a position he held until he became president of the Latin Center business unit in 2008.

Before joining Coca-Cola, Murphy worked for four years as an auditor for Price Waterhouse in Dublin.

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Coca-Cola Backs Sterling One Foundation on ASIS https://techeconomy.ng/coca-cola-backs-sterling-one-foundation-on-asis/ https://techeconomy.ng/coca-cola-backs-sterling-one-foundation-on-asis/#respond Mon, 18 Jul 2022 17:10:00 +0000 https://techeconomy.ng/?p=79025 The blended ASIS event attracted likeminded executives and partners focused on advancing inclusive growth on the continent

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Coca-Cola has reiterated its commitment to regional inclusive development of the African continent through its Africa Social Impact Summit (ASIS), held in partnership with Sterling One Foundation under the theme ‘rethink, rebuild, recover – accelerating growth for the SDGs’.

The two-day hybrid ASIS event held from Wednesday July 13 to Thursday July 142022, at Transcorp Hilton in Abuja.

The blended event attracted likeminded executives and partners focused on advancing inclusive growth on the continent as it provided a platform for dialogue on regional inclusive development aimed at stimulating private sector and impact investors to shape market-led solutions for the Sustainable Development Goals (SDGs) with a focus on climate solutions, health, agriculture, renewable energy, WASH and circular economy.

The sponsors expressed optimism that the summit would help fashion out functional frameworks for the private sector and impact investors to boost Africa’s regional comprehensive development on the principles of the SDGs 2030.

In her keynote address at the event, Patricia Obozuwa, the Vice President, Public Affairs, Communications and Sustainability, Africa, The Coca-Cola Company, highlighted the company’s continued focus on creating a better shared future for the communities that are home to its world-class beverages through acceleration of on-the-ground impact of its initiatives and interventions, leveraging the collaborative investments from its philanthropic arm, The Coca-Cola Foundation, and from other partners.

She said, “Earlier this year, we launched ‘JAMII’, our Africa sustainability platform which houses our existing and new sustainability initiatives. ‘JAMII’ embodies the true spirit of ‘community’ and continues to expand on our past accomplishments with key focus on three areas: water stewardship, economic empowerment of women and youth, and waste management. While we continue to drive achievement of the SDGs through our signature programs under JAMII, there remains a need to scale our efforts significantly leveraging collective action and impact hence the summit objective.

According to her, the whole world stands to benefit by keeping faith with the SDGs however Africa’s special disposition makes her specific needs dire, which is why Coca-Cola has refocused with the launch of JAMII to enhance the impact of its social investments in Africa.

“To achieve success, there is an urgent need for effective and coordinated partnerships and collaboration as Africa has the potential to be at the heart of a sustainable future for both the continent and the world. I assure you of our continued commitment at The Coca-Cola Company as we remain key contributors in driving the 2030 agenda”.

Abubakar Suleiman, Chief Executive Officer, Sterling Bank, welcomed the zeal for a new approach to attaining the SDGs in the African continent and expressed optimism that the firework of ideas would translate to action for reducing poverty, which he noted was the main goal of the ASIS.

According to Suleiman, “this Summit presents a good opportunity for Sterling Bank and other partners to start intensifying efforts”.

The Summit brought together stakeholders from across the African continent and provided a platform for the analysis of several historical records on sustainable development with a view to stimulating a marked shift in the general understanding of the word ‘development,’ in the context of human development as against mere economic growth.

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