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Resilience, commitment and growth: Crown Beverages’ success story continues to unfurl with the USD76 million new bottling plant Crown Beverages Limited (CBL), Uganda’s oldest beverages company this November unveiled Aquafina, its new brand of bottled drinking water. Aquafina, enriched mineral is a brand of PepsiCo, Inc., one of the largest multinational food, snack, and beverage corporations in the world. It was first launched in the USA in 1994. Over the last two decades, it has expanded into Asia, UAE, and most recently Africa. Uganda is the third country to be allowed by PepsiCo International to bottle the Aquafina brand, after Nigeria and Egypt, according to Paddy Muramiirah, the CEO of Crown Beverages Limited.
The new USD76 million Crown Beverages' Factory. Pepsi shareholders, including Nzeyi, had to fork out USD26 million from their own pockets to top up a USD50 million bank financing facility.