Cameroon’s AgroHub Wins Nestlé’s “Creating Shared Value” 2016 Prize

The Cameroonian enterprise, AgroHub has just grabbed the Creating Shared Value Prize by Nestlé, the sum of CHF 300,000 (approx. 180,778,000 FCFA) in Cote D’Ivoire.

The Cameroonian enterprise, AgroHub was crowned by the CEO of Nestlé Paul Bulcke as the winner of the Creating Shared Value competition during the Nestlé World Forum 2016 which is holding at Abidjan Ivory Coast. The team which was live on the Forum via skype in the Chariot Hotel Buea yelled out for joy after they got the news.

Cameroon’s AgroHub Wins Nestlé’s “Creating Shared Value” 2016 Prize

In his speech, Paul Bulcke stated that as a global leader, Nestlé brings not only the duty to operate responsibility, but also an opportunity to create long-term value for society.

The Nestlé Creating Shared Value (CSV) program was launched in 2009 and is happening for the 4th time this year. It was created to reward innovative ideas that address challenges in nutrition, water, or rural development, to scale up or be replicated by giving them financial help. Before announcing the winner the CEO 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”.

Before announcing the winner the CEO 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”.

This year’s finalist included AGRO-HUB, an agricultural marketing agency for small-scale producers and Natural Extracts industries, a social enterprise from Tanzania. Agro-Hub will receive CHF 300,000 to upgrade its cassava processing facilities. Agro-Hub has successfully linked small Cassava farmers to markets.

Agro-Hub has successfully linked small Cassava farmers to markets and given small-scale farmers the opportunity to yield Profitable income from farming. Worthy of note is that the Prime Minister of Cote D’Ivoire and Kofi Annan both graced the event.

Natural Extracts Industries, on the other hand, was selected CSV Prize runner-up for pioneering the sustainable extraction of vanilla and other natural flavours in Tanzania. Supporting rural development and sustainability, Natural Extracts Industries received CHF 200, 000  to expand its network of smallholder farmers which supply natural flavouring ingredients.

Congratulations to AGRO-HUB and we all look forward to a better tomorrow.

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