Bidco Oil refinery’s plans to start production of carbonated drinks in its Nakuru and Kiambu county plants in two years.
The company has signed a Sh 3.2 billion loan with World Bank’s private lending arm, International Finance Corporation (IFC) giving the project a major boost.
The money will be used to expand the facilities and construct new production lines for fruit, soft drink and production of new soap and detergent brands
Coca cola and Pepsico currently rules the softdrinks market in Kenya as new entrants including alcoholic beverage maker SABmiller acquiring a family owned softdrink maker, Crown foods last year to increase competition.
Crown foods is famous for production of Keringet water brand.
Production of carbonated drinks (Soda) went up by 6.4 per cent to stand at 405.5 million litres while manufacture of mineral water grew by 10.9 per cent in 2013, according to the 2014 economic survey.