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Nestlé plans a $130 million investment in sustainability practices for African suppliers

Nestlé plans a $130 million investment in sustainability practices for African suppliers Nestlé Food and Beverage Business

Nestlé, a Swiss giant in the food and beverage industry, is committed to investing R2.5bn ($131m) over the next five years in its collaboration with Black-owned businesses in eastern and southern Africa. This investment will focus on sustainable procurement practices, supplier partner development, and agro-processing initiatives within Nestlé’s value chain.

The decision to invest in Africa’s supplier sustainability practices follows the Second Black Industrialists and Exporters Conference, where several businesses pledged over R261bn for procurement by public and private entities. Nestlé’s spokesperson, Mota Mota, highlighted the importance of partnering with the Black Industrialists Programme to promote inclusive economic development in South Africa. By investing in local talent and fostering entrepreneurship, Nestlé aims to build a more resilient and prosperous future for all stakeholders.

In addition to this initiative, Nestlé also announced a $20m investment in the Democratic Republic of Congo (DRC) to revive specialty coffee by 2026 through its Nespresso division. The funds will support coffee purchases, price premiums, technical assistance, and community projects, with a goal of raising an additional $20m to aid coffee-growing communities in Kivu, DRC.

Guillaume Le Cunff, CEO of Nespresso, emphasized the potential of Kivu to become a leading source of high-quality Arabica coffee and outlined the collaborative efforts with various partners to restore and revitalize the region. Through the ‘Reviving Origins’ program, Nestlé is working closely with Congolese farmers and partners like the Eastern Congo Initiative (ECI)/ASILI, TechnoServe, and USAID to uplift the coffee industry in Kivu.

As Nestlé continues to focus on sustainable practices and community development in Africa, the company remains dedicated to creating long-term positive impact in the region. By investing in local businesses, fostering entrepreneurship, and supporting coffee-growing communities, Nestlé is driving forward its commitment to responsible business practices and economic development in Africa.

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