date:Aug 09, 2012
This investment is a part of the company's three-year program launched in 2010, which aims at investing CHF150m ($154.88m) in Africa.
The new factory, which is Nestl's first in the country, will be a finishing center for packing products such as Nido milk powder. It will create 50 new positions by the end of its first year of production, with local people being recruited for the majority of positions.
Nestl chief executive officer Paul Bulcke said Angola is one of the fastest-growing economies i