Mauritius-based Phoenix Beverages Limited has raised its stake in African Originals Limited, the parent company of Kenyan Originals, the Kenyan drinks brand, to 37.65%. The company acquired an additional 3.3% share during the financial year to the end of June 2026 for a total cost of KES124.4 million.
This new acquisition comes on the heels of Phoenix's previous investments in the company. Prior to the sale, its shareholding had been increased from 28.15% to 34.35%. The growing partnership means that the Mauritian drinks company has a bigger stake in a company that makes its own drinks in Kenya and across the region.
African Originals is a brand that operates in Kenya under the name Savannah Brands, where they produce ciders under the Kenyan Originals line, such as fruit ciders, gin, tonic and iced tea. The company has been expanding its manufacturing capabilities and distribution channels, with a goal of increasing access to its products in East Africa.
The new investment in Phoenix further cements the relationship between the two companies and continues to show that investors are interested in the Kenyan beverage manufacturing industry. The partnership may offer the opportunity for technical support, production development and access to regional markets.
Investment in beverage production helps to support local production, provide business opportunities in the supply chain and drive market demand for agricultural ingredients in Kenya.