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Nestle to spend R2.5 billion to improve supplier sustainability in East and Southern Africa

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Nestle. (Arnd Wiegmann/Reuters)

Nestle. (Arnd Wiegmann/Reuters)

Nestle SA plans to spend R2.5 billion ($132 million) over the next five years to improve growth and development of emerging local businesses across East and Southern Africa.

The food giant sees this helping ensure more sustainable procurement practices and agro-processing initiatives in the region, it said in a statement Wednesday.

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