Nestle SA to Invest $132 Million in African Business Development
By
Kwame Osei-Yeboah
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Nestle SA has announced a significant investment of 2.5 billion rand ($132 million) over the next five years to bolster the growth and development of emerging businesses in East and Southern Africa. The company aims to enhance sustainable procurement practices and agro-processing initiatives in the region, with a particular focus on providing opportunities for Black businesspeople who faced exclusion from South Africa's economy during apartheid. This investment demonstrates Nestle's commitment to fostering business development and sustainability in the region.