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BUSINESS STRATEGY
By our News Team | 2023
This is part of a pan-African strategy to localise key production and raw-materials sourcing to minimise increasingly expensive imports.
Multinational food and beverage company Nestlé is to add four new production lines to its existing facilities in Egypt.
This is part of an ongoing pan-African strategy to localise key production and raw-materials sourcing to minimise increasingly expensive imports.
Nestlé Headquarters in Vevey, Switzerland. The company is localising key production and raw-materials sourcing to minimise expensive imports. Photo credit: Nestlé
According to the Chairman and CEO of Nestlé Egypt and Sudan, Tarek Kamel, three of the new production lines will be for food products, while the fourth will be for dairy products. The first food line will begin operations in December this year.
This strategy will not only help Nestlé to meet the growing demand within the country, but also help to position Egypt as a potential export hub for Nestlé products to other markets in the region.
Nestlé currently exports its products to 22 countries in MENA, Africa, Europe, South America and North America, with the company setting a target of doubling its exports in 2024.
“Nestlé has a long history of operating in Egypt, and this expansion underscores the company’s commitment to the Egyptian market’s potential,” the publication Food Business Africa reports.
Strong rapport with Egyptian consumers
“The company has maintained a strong rapport with Egyptian consumers by delivering high-quality products that cater to local tastes and preferences.
“With the addition of these four production lines, the company is poised to continue its journey of delivering innovative and sustainable products to consumers across Egypt and the broader MENA region.”
Mahira Hassan, Head of the Institutional Relations and Sustainability Sector at Nestlé Egypt, added that the company is committed to using 100% renewable electricity in its operations by 2026.
This year, the company hopes to procure up to 30% of the electricity required for its Egyptian operations from renewable energy, especially solar power.
Nestlé is also working on a project to reduce the use of plastic packaging materials and support recycling.
This month, Nestlé has unveiled a new US$4,4-million manufacturing plant near Pretoria in South Africa. Similar to Egypt, by producing locally the company aims to streamline supply chain operations, reduce environmental impact, and ensure fresher products for consumers.
The rapid spread of online misinformation has become a significant risk for businesses, brands and wider society. Why do people fall for it?
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Dr. Kin Kariisa is an extraordinary force at the helm of Next Media Services, a conglomerate encompassing NBS TV, Nile Post, Sanyuka TV, Next Radio, Salam TV, Next Communication, Next Productions, and an array of other influential enterprises. His dynamic role as Chief Executive Officer exemplifies his unwavering commitment to shaping media, business, and community landscapes.
With an esteemed academic journey, Dr. Kariisa’s accolades include an Honorary PhD in exemplary community service from the United Graduate College inTexas, an MBA from United States International University in Nairobi, Kenya, a Master’s degree in Computer Engineering from Huazong University in China, and a Bachelor’s degree in Statistics from Makerere University.
Dr. Kariisa pursued PhD research in Computer Security and Identity Management at Security of Systems Group, Radboud University in Nijmegen, Netherlands. As a dynamic educator, he has shared his expertise as a lecturer of e-Government and Information Security at both Makerere University and Radboud University.
Dr Kin did his PhD research in Computer Security and Identity Management at Security of Systems Group, Radbond University in Nigmegen, Netherlands. He previously served as a lecturer of e-Government and Information Security at Makerere University in Kampala, Uganda and Radbond University in Netherlands.
Dr Kin did his postgraduate courses in Strategic Business Management, Strategic Leadership Communication and Strategies for Leading Successful Change Initiatives at Harvard University, Boston USA.