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Nestle: We Remain Optimistic About West Africa

Head of Nestle Africa pledges to continue business operations in the face of extremist activity and Ebola

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Nestle is feeling the effects of the current unrest in West Africa, falling currency values, militant insurgencies and the effects of Ebola.

Nandu Nandkishore, Nestle’s Head of Asia, Africa & Oceania said in an interview reported by Bloomberg that The climate of fear immediately affects trade, which then slows down or tends to de-stock significantly and then affects consumers going out to shop… It does affect business.

Despite these challenges Nandkishore claims that West Africa continues to be a land of high demographic growth adding We remain optimistic about Africa in general, West Africa in particular.

The article states that Nestle has invested over $616m in 22 African countries in the last 5 years.

To read the source article click here.