Processing Magazine

Coca-Cola, USAID Invest $12.7 Million for Clean Water

March 22, 2010

Coca-Cola and the U.S. Agency for International Development will invest $12.7 million to provide clean water in sub-Saharan Africa, nearly doubling previously announced investments in water supply. The Associated Press reports that during annual meetings some shareholders and shareholder groups have pressured the company to do more because of the amount of water it uses in its products and production. Coca-Cola and USAID said the joint investment will go through their global partnership, the Water and Development Alliance and will support eight new three-year programs in Angola, Burundi, Ghana, Malawi, Mozambique, Senegal, South Africa and Tanzania. Including the new investment, USAID and Coca-Cola have committed more than $28 million since 2005 to support 32 projects in nearly two dozen countries.