Swiss food giant Nestlé is to invest CHF40m (US$37m) in the Democratic Republic of Congo (DRC) over the next three years.
The investment, announced today (30 June) will involve the construction of a factory in the Congolese capital Kinshasa, which the firm said will produce well-known culinary and coffee brands including Maggi.
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Paul Bulcke, Nestle CEO, said: “Nestlé is committed to unlocking the business opportunities and to promote growth of our market in the Democratic Republic of Congo. Since the establishment of distribution centres and sales offices in Kinshasa, Lubumbashi and Goma in 2009, we have seen a remarkable growth, which we are now responding to by strengthening our presence.”
Nestlé said it aims to strengthen its position in DRC by locally sourcing raw materials for its culinary and coffee production by 2011, in addition to expanding the number of employees to 300 by the conclusion of the project at the end of 2012.
Nestlé sells brands including Nido, Maggi, Nescafé, Nesquik and Milo in Congo.
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