The Cameroon Agricultural Production and Marketing Agency Agro-hub has won the 2016 Prize of Nestlé’s “Creating Shared Value (CSV) ” competition in the June 21st Nestlé’s Global Forum in Abidjan Côte d’Ivoire.
The 7th edition of the forum this year convened for the first time in Africa, was organized under the theme “Investing in Sustainable development in Africa”. The theme was drawn from the UN Sustainable Development Goals (SDGs) which seeks to address major socio-economic challenges such as food security, malnutrition, and management of scares natural resources.
Crowned by the CEO of Nestlé Paul Bulcke, Agro-hub prize winner and Buea base Agro enterprise, received CHF 300, 000 (approx. 180, 778, 000 FCFA) to upgrade and expand it Cassava processing facilities. The CEO in announcing the winner stated that “for a company to be successful in the long run, it has to be able to create value for its shareholders and most importantly the society”. According to Kofi Annan, who graced the event, Agro-hub, has successfully linked small scale cassava farmers in the sub region to the market, and given them the opportunity to yield profitable income from farming through New Technology.
Sourced from TechCrunch Africa: News for African Startups, CSV Prize runner-up: the Natural extraction industries Tanzania received CHF 200, 000 for pioneering the sustainable extraction of vanilla and other natural flavours in Tanzania, and to expand its network of smallholder farmers in supplying natural flavouring ingredients.
Also present in the event was the Prime Minister of Ivory Coast and other world important stakeholders who discussed critical issues such as food security and other socio-economic problems faced in the African Continent.
By Mufuh Ramiro