A majority shareholder in Nigeria’s largest juice and dairy company, Chi Limited, Tropical General Investment (TGI) Group, on January 30, 2016 sold 40 percent of its stake to the Coca-Cola company. This deal signals Coca Cola’s plan to expand across Africa by 2020 and redouble its effort to expand beyond soda as its soda sales is low.
This follows global reports that the international drinks company had promised to stop all business dealings with subsidiaries that were involved in land grabs, where land is taken from poor people in developing countries without their consent.
Coca-Cola, under its Swazi subsidiary Conco, produces drinks concentrate using sugar. It makes up as much as 40 percent of the Swaziland's gross domestic product (GDP), but it is said to be exempt from paying full taxes.
Coca-Cola and PepsiCo union representatives from Kenya, South Africa, Ghana, Malawi, Mozambique, Benin, Niger, Nigeria, Zambia, Togo, Tanzania, Tunisia, and Morocco met December 8-9 in Accra, Ghana after the Regional Conference to discuss their present situation of organising in both TNCs and exchange experiences, successes and future plans of trade union work in these giant beverage companies operating in Africa.
Workers at the Coca-Cola factory in Mégrine, Tunisia, went on strike for two half days July 26 and 27 and won important improvements in the area of health and safety, as well as in remuneration.