Mozambique: Accommodation of politicians in public companies cost over 185 million meticais in 2023
Coca-Cola Mozambique hit by metical drop – CEO
9:38 CAT | 28 Apr 2016
TIM
Coca-Cola Mozambique is feeling the depreciation of the metical against the US dollar, but says the situation will not affect jobs.
The international soft drinks company pays for imports of raw materials in dollars and has been spending much more with the depreciation of the national currency.
According to the CEO of the company, Benjamim Alfredo, the 350 ml bottle, which costs 15 meticais, should in fact be selling for 17 meticais, but said there were no plans to increase prices yet.
The situation was discussed by the CEO during a visit by the mayor of Matola, Calisto Cossa, to the new facilities in Matola Gare.
In addition to showcasing the factory, the company made also handed over to the Matola municipality the two-kilometre access road it has built.
Source: O País
Show comments
Also read
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.