1D1F: Gov’t to assist Kasapreko for $20m Eximbank loan

Government under its flagship programme, One-district One-factory, is assisting Kasapreko Company Limited to access a $20 million Eximbank loan.

The loan is to enable the indigenous  Ghanaian company to build a subsidiary state-of-the-art factory for the northern sector of the country and for export.

The construction of the multipurpose factory, which begins almost immediately after the loan is secured and expected to be completed by June this year, is to create about 3,000 direct and indirect jobs for the youth in Tanoso in the Atwima Nwabiagya District of the Ashanti Region.

Production

Per the timetable, installation of equipment and production begins in August this year.

The National Coordinator for 1D1F, Gifty Ohene-Konadu, led a team of technical experts from the Ministry of Trade and Industry to tour the 10,000-metre square layout and to look at the prototype drawings and make suggestions.

The factory which is to complement an already existing structure at the Tanoso site is expected to produce about  85,000 bottles of all brands including the famous Awake Purified Bottle Water, Royal Drinks, 10/10 drinks, Superstar and Fancy Drink a day.

Mrs Ohene-Konadu said  Kasapreko was getting the support because its proposal was consistent with government’s intention to support local industries and create jobs.

She commended Kasapreko for a comprehensive proposal to partner governments to create jobs and alleviate poverty.

CEO

The Chief Executive Officer for Kasapreko, Richard Adjei, said the location of the subsidiary factory was strategic for it to ease the pressure on the main factory in Accra from serving people in the Ashanti region and beyond.

He said Kasapreko has over the years invested over $80 million in the expansion and upgrade of the factory in Accra.

Group Chairman

The Group Chairman, Dr Kwabena Adjei, said the company was a Ghanian-owned company with 30 years in operations and currently the only total beverage company with ISO certificate in Ghana.

He said with requisite support, Kasapreko could make Ghana one of it’s trusted brands in the foreign market.

Kasapreko established some 30 years ago at Nungua, a suburb in Accra is the largest producer of carbonated soft drinks and alcohol in the country and has the widest product range to satisfy all consumer taste and preference.

credit: myjoyonline.com

Publish on Apt

Do you have any Social, informational, educational or entertaining stuff that should be featured on www.aptnewsghana.com?

Please submit your stories, pictures, and videos to us via WhatsApp: +233548388489 or click on the icon on your screen. Alternatively, email us: aptnewsghana@gmail.com

RSS APO Group – Africa-Newsroom: latest news releases related to Africa

  • Coronavirus - Rwanda: COVID-19 update (15 April 2021) April 16, 2021
    Total cases: 23,744 (+72) Recovered: 21,805 (+211) | 91.8% Active cases: 1,618 In critical condition: 8 Tests: 1,243,409 (+6,289) Test positivity rate: 1.1% Vaccinated: 349,427 (+501) Deaths: 321 (+4) | 1.3%Distributed by APO Group on behalf of Ministry of Health, Republic of Rwanda.Media filesDownload logo
  • African Union holds global conference to accelerate African vaccine development and manufacturing capacity April 16, 2021
    Download logoAfrican leaders assembled at a global meeting to discuss the status of local pharmaceutical manufacturing on the continent, underscored the need to increase local production of vaccines and therapeutics to achieve greater public-health security. “The production of vaccines and access to vaccines is an absolute priority,” Cyril Ramaphosa, President of South Africa, said Monday […]
  • Ultra-fast, and responsive - first details of EOS R3 revealed, Canon's latest professional mirrorless for sports and news April 16, 2021
    Today, with the news of three new innovative RF lens and a new file sharing app, Canon Inc. (www.global.Canon) announces the development of EOS R3 (https://bit.ly/3mTs73P) – its latest high-speed and ultra-responsive professional mirrorless camera. With its ground-breaking design, the camera will empower professional sports and news photographers to meet challenging demands – to outpace […]
  • Coronavirus - Namibia: COVID-19 update (14 April 2021) April 15, 2021
    Newly Confirmed cases: 102 Recoveries: 178 Active cases: 1286 Death: 6Distributed by APO Group on behalf of Ministry of Health and Social Services, Namibia.Media filesDownload logo
  • Coronavirus - Zambia: COVID-19 update (14 April 2021) April 15, 2021
    COVID-19 update - 14th April,2021: we recorded 171 new cases out of 6,640 tests (3% positivity), 97 recoveries; no new deaths were reported.Distributed by APO Group on behalf of Ministry of Health, Zambia.Media filesDownload logo
  • Coronavirus - Eritrea: Announcement from the Ministry of Health (14 April 2021) April 15, 2021
    Ten patients have been diagnosed positive for COVID-19 in tests carried out today at Quarantine Centers in Adibara (5), and Ghirmaika (5), in the Gash Barka Region. On the other hand, forty two patients who have been receiving medical treatment in hospitals in Gash Barka (40), and Southern (2), Regions have recovered fully and have […]
  • Coronavirus - Malawi: COVID-19 update (14 April 2021) April 15, 2021
    New cases: 19 Cumulative confirmed cases: 33,891 Active cases: 948 Total recovered: 31,675 (78 new) Currently admitted in treatment units: 20 (2 new) New discharges from treatment units: 0 Total tests conducted: 225,576 (617 new) Total deaths: 1,134 (1 new) Total vaccinated to date: 240,744 (11,524 new)Distributed by APO Group on behalf of Ministry of […]
  • Coronavirus - Nigeria: COVID-19 update (14 April 2021) April 15, 2021
    89 new cases of COVID-19 in Nigeria; Lagos-19 FCT-15 Adamawa-12 Akwa Ibom-10 Cross River-9 Rivers-6 Ogun-6 Kano-5 Kaduna-4 Osun-3 164,000 confirmed 154,270 discharged 2,061 deathsDistributed by APO Group on behalf of Nigeria Centre for Disease Control (NCDC).Media filesDownload logo
  • Coronavirus - Ethiopia: COVID-19 update (14 April 2021) April 15, 2021
    Daily: Laboratory test: 8,705 Severe cases: 995 New recovered: 863 New deaths: 24 New cases: 1,893 Total: Laboratory test: 2,469,593 Active cases: 56,560 Total recovered: 174,591 Total deaths: 3,252 Total cases: 234,405 Distributed by APO Group on behalf of Ministry of Health, Ethiopia.Media filesDownload logo
  • Coronavirus - South Africa: COVID-19 update (14 April 2021) April 15, 2021
    Tests conducted: 10,216,114 Positive cases identified: 1,561,559 Total recoveries: 1,486,873 Total deaths: 53,498 New cases: 1,599Distributed by APO Group on behalf of Republic of South Africa, Department of Health.Media filesDownload logo
About Editor 614 Articles
Joe Bright Nyarko Journalist/Communication Researcher. Environment & Sustainability Advocate. Managing Editor of aptnewsghana.com, a non-profit news portal with bias towards environment and sustainability issues, rural development policies and gender & inequality.