Coca Cola sign deal with Nairobi Stadium

American soft drink giant Coca Cola has signed a one-year advertising and sponsorhip deal worth Sh24.5 million with Nyayo National Stadium in Nairobi. 

The agreement comes after almost three years of negotiations following the breakdown of a 2009 contract between Coca Cola and Sports Stadia Management Board (SSMB) and the Kenyan ministry of sport.

The new deal gives Coca Cola exclusive branding and beverage supply rights for one year at the 30,000-seat stadium at Nyayo, the aquatic centre, basketball and handball courts.

The original deal would have seen Coca Cola enjoy exclusive naming, branding and marketing rights at the stadium (including the indoor arena, handball court and aquatic centre) for three years, at a cost of Sh98 million.

The agreement was terminated by former sports minister Helen Sambili, concerned over what she regarded as inadequate consultation, and resulted in all the SSMB members being relieved of their duties and replaced with a new board.

Wanted in Africa
Wanted in Africa
Wanted in Africa, part of the Wanted Worldwide network, is a website in English for expatriates in Africa established in 2006. We cover Europe's news stories that may be of interest to English speaking residents along with tourists as well. Our publication also offers classifieds, photos, information on events, museums, churches, galleries, exhibits, fashion, food, and local travel.
Previous article Accra fights cholera outbreak
Next article Accra fights cholera outbreak