{"id":30159,"date":"2024-09-30T18:03:00","date_gmt":"2024-09-30T18:03:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4519217_AE19217_0"},"modified":"2024-09-30T18:03:00","modified_gmt":"2024-09-30T18:03:00","slug":"varun-beverages-drc-announces-usd-50-million-pepsi-production-facility-at-rendeavours-kiswishi-city-special-economic-zone","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=30159","title":{"rendered":"Varun Beverages DRC Announces USD 50 Million Pepsi Production Facility at Rendeavour&#8217;s Kiswishi City Special Economic Zone"},"content":{"rendered":"<p><i>Investment boosts job creation and advanced manufacturing capabilities in the region<\/i><\/p>\n<p>LUBUMBASHI, <span class=\"xn-location\">Democratic Republic of the Congo<\/span>, <span class=\"xn-chron\">Oct. 1, 2024<\/span> \/PRNewswire\/ &#8212; Varun Beverages, one of the largest franchisees of PepsiCo in the world, has announced a <span class=\"xn-money\">USD 50 million<\/span> investment in a state-of-the-art Pepsi production facility in Kiswishi City, the first private Special Economic Zone (SEZ) in the <span class=\"xn-location\">Democratic Republic of the Congo<\/span> (DRC). The plant \u2013 one of the largest consumer-focused foreign direct investments (FDI) in DRC history \u2013 will create thousands of jobs and expand the brands of <span class=\"xn-location\">New York<\/span>-based PepsiCo in the fast-growing African country.<\/p>\n<div id=\"prni_dvprnejpg2ec9left\" dir=\"ltr\"> <a href=\"https:\/\/mma.prnasia.com\/media2\/2519423\/Rendeavour.jpg?p=medium600\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" id=\"prnejpg2ec9left\" title=\"Shankar Iyer, President of Varun Beverages DRC (left), and Chris Barron, Country Head for Rendeavour in DRC (right), formalise the agreement for Varun Beverages to build a USD 50 Million Pepsi Production Facility at Rendeavour\u2019s Kiswishi City Special Economic Zone in DRC. Louis Watum, Minister of Industry and Development of Small and Medium Enterprises (centre).\" src=\"https:\/\/mma.prnasia.com\/media2\/2519423\/Rendeavour.jpg?p=medium600\" alt=\"Shankar Iyer, President of Varun Beverages DRC (left), and Chris Barron, Country Head for Rendeavour in DRC (right), formalise the agreement for Varun Beverages to build a USD 50 Million Pepsi Production Facility at Rendeavour\u2019s Kiswishi City Special Economic Zone in DRC. Louis Watum, Minister of Industry and Development of Small and Medium Enterprises (centre).\" align=\"middle\"><\/a> <br \/><span>Shankar Iyer, President of Varun Beverages DRC (left), and Chris Barron, Country Head for Rendeavour in DRC (right), formalise the agreement for Varun Beverages to build a USD 50 Million Pepsi Production Facility at Rendeavour\u2019s Kiswishi City Special Economic Zone in DRC. Louis Watum, Minister of Industry and Development of Small and Medium Enterprises (centre).<\/span> <\/div>\n<p>The Pepsi beverage facility will be developed on 15 hectares (37 acres) of land at Kiswishi City SEZ, along the N1 Highway, with easy access to the Lubumbashi&#8217;s rapidly expanding population, the Haut-Katanga Province and beyond. Kiswishi is strategically positioned to enhance logistical efficiencies and economic development across the region, a growth engine for PepsiCo and Varun Beverages.<\/p>\n<p>&#8220;Varun&#8217;s expansion will meet the rising demand for Pepsi beverages in DRC and support our long-term growth trajectory in <span class=\"xn-location\">Africa<\/span>,&#8221; said <span class=\"xn-person\">Ravi Kant Jaipuria<\/span>, Chaiman of Varun Beverages. &#8220;Our investment in Kiswishi City SEZ exemplifies our confidence in Congolese consumers and commitment to sustainable manufacturing.&#8221;<\/p>\n<p>Backed by American, <span class=\"xn-location\">New Zealand<\/span>, British and Norwegian investors, Kiswishi City SEZ is a project by Rendeavour, <span class=\"xn-location\">Africa&#8217;s<\/span> largest new city builder, whose mixed-use cities in <span class=\"xn-location\">Kenya<\/span>, <span class=\"xn-location\">Nigeria<\/span>, <span class=\"xn-location\">Ghana<\/span> and <span class=\"xn-location\">Zambia<\/span> have catalysed billions of dollars in foreign and domestic investment, along with tens of thousands of jobs for young Africans.<\/p>\n<p>&#8220;We are delighted to welcome&nbsp;Varun Beverages and Pepsi to Kiswishi City SEZ, which will create thousands of job opportunities and bolster the economic landscape of the Haut-Katanga province,&#8221; said Yannick Kitambo, Director of Operations, Kiswishi City SEZ. &#8220;This investment is a testament to our commitment to make Kiswishi the most attractive destination for FDI in DRC. With its secure and predictable business environment, Kiswishi is an engine for growth in the <span class=\"xn-location\">Democratic Republic of Congo<\/span>.&#8221;<\/p>\n<p>Kitambo credited the Special Economic Zones Authority&nbsp;and Ministry of Industry for creating a conducive investment environment through the country&#8217;s reliable SEZ framework. Other businesses at Kiswishi City SEZ include Congo Petrol and Queen Energy. Phase one of Kiswishi&#8217;s residential estate, Kimia, is 95% sold out.<\/p>\n<p>Kitambo added: &#8220;Due to the professional support of the Government of DRC, particularly the President&#8217;s office, the Ministry of Industry, and its Special Economic Zone Agency, we expect further foreign direct investment in DRC, which will help drive socioeconomic development in the country.&#8221;<\/p>\n<p><b>About Varun Beverages Limited <\/b>(<a href=\"http:\/\/www.varunbeverages.com\/\" target=\"_blank\" rel=\"nofollow noopener\">www.varunbeverages.com<\/a>)<\/p>\n<p>Varun Beverages Limited is one of the largest franchise bottler globally of PepsiCo beverages. The company operates in multiple regions across <span class=\"xn-location\">Asia<\/span> and <span class=\"xn-location\">Africa<\/span>, encompassing an extensive portfolio of carbonated and non-carbonated beverages. Varun Beverages entered <span class=\"xn-location\">Africa<\/span> in 2007&nbsp;when it acquired the PepsiCo franchise in <span class=\"xn-location\">Mozambique<\/span>. Since then, it has expanded operations into&nbsp; Zambia,&nbsp;Morocco,&nbsp;Zimbabwe, <span class=\"xn-location\">South Africa<\/span> and&nbsp;more recently, the <span class=\"xn-location\">Democratic Republic of Congo<\/span>, where it has already commissioned a Pepsi production facility at Maluku SEZ near <span class=\"xn-location\">Kinshasa<\/span>.<\/p>\n<p><b>About&nbsp;Rendeavour<\/b>&nbsp;(<a href=\"http:\/\/www.rendeavour.com\/\" target=\"_blank\" rel=\"nofollow noopener\">www.rendeavour.com<\/a>)<\/p>\n<p>Rendeavour is the largest new city builder in <span class=\"xn-location\">Africa<\/span>. Backed by American, Norwegian, <span class=\"xn-location\">New Zealand<\/span> and British investors, Rendeavour&#8217;s cities are among the largest construction projects in <span class=\"xn-location\">Africa<\/span> and hubs for businesses, homes, education and recreation within a infrastructure-ready economic zones.<\/p>\n<p>Current development at Rendeavour is valued at more than <span class=\"xn-money\">$5 billion<\/span>, with 150 businesses, schools educating more than 6,000 students and 10,000 mixed-income homes occupied or under development.<\/p>\n<p>Rendeavour has created more than 50,000 jobs in the last five years, including the largest call center in <span class=\"xn-location\">East Africa<\/span>, staffed by 5,000 young Kenyans serving major American customers like United Airlines, JetBlue and Amazon. A further 4,000 call center jobs are confirmed by 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investment boosts job creation and advanced manufacturing capabilities in the region LUBUMBASHI, Democratic Republic of the Congo, Oct. 1, 2024 \/PRNewswire\/ &#8212; Varun Beverages, one of the largest franchisees of PepsiCo in the world, has announced a USD 50 million investment in a state-of-the-art Pepsi production facility in Kiswishi City, the first private Special Economic [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":30160,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-30159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Varun Beverages DRC Announces USD 50 Million Pepsi Production Facility at Rendeavour&#039;s Kiswishi City Special Economic Zone - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=30159\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Varun Beverages DRC Announces USD 50 Million Pepsi Production Facility at Rendeavour&#039;s Kiswishi City Special Economic Zone - My Blog\" \/>\n<meta property=\"og:description\" content=\"Investment boosts job creation and advanced manufacturing capabilities in the region LUBUMBASHI, Democratic Republic of the Congo, Oct. 1, 2024 \/PRNewswire\/ &#8212; Varun Beverages, one of the largest franchisees of PepsiCo in the world, has announced a USD 50 million investment in a state-of-the-art Pepsi production facility in Kiswishi City, the first private Special Economic [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/transmediavictoria.net.au\/?p=30159\" \/>\n<meta property=\"og:site_name\" content=\"My Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-30T18:03:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnasia.com\/media2\/2519423\/Rendeavour.jpg?p=medium600\" \/>\n<meta name=\"author\" content=\"admin_tony\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin_tony\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30159#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30159\"},\"author\":{\"name\":\"admin_tony\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\"},\"headline\":\"Varun Beverages DRC Announces USD 50 Million Pepsi Production Facility at Rendeavour&#8217;s Kiswishi City Special Economic Zone\",\"datePublished\":\"2024-09-30T18:03:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30159\"},\"wordCount\":688,\"image\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30159#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/transmediavictoria.net.au\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/varun-beverages-drc-announces-usd-50-million-pepsi-production-facility-at-rendeavours-kiswishi-city-special-economic-zone.jpg\",\"articleSection\":[\"Business News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30159\",\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=30159\",\"name\":\"Varun Beverages DRC Announces USD 50 Million Pepsi Production Facility at Rendeavour's Kiswishi City Special Economic Zone - 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