2016 Creating Shared Value Prize Finalists
Natural Extracts Industries (NEI) from Tanzania and Agro-Hub from Cameroon have been selected as the finalists for Nestlé’s Creating Shared Value Prize 2016. NEI is a social enterprise pioneering the sustainable extraction of flavours in Tanzania. Agro-Hub is an agricultural production and marketing agency in South-West Cameroon working to help small-scale cassava farmers gain access to sustainable markets.
After four screening phases, the two finalists were selected from a group of 450 applicants by the Nestlé CSV Council, along with 9 independent experts and 9 Nestlé internal experts. Both programs stand out for providing social-economic benefits to smallholder farmers in Sub-Saharan Africa, and increasing commercial value locally in the production of vanilla and cassava. They reflect good examples of how the private sector can contribute to increasing livelihoods in Africa.
The winner will receive a share of SFr500,000 in prize monies.
Through the prize, Nestlé rewards initiatives that reflect the spirit of Creating Shared Value by addressing challenges in nutrition, water, or rural development. The winners reflect Nestlé’s belief that for a company to be successful in the long term and create economic and social value for its shareholders, it must also create value for society as a whole.
