Nestlé presents UN Millennium Development Goals award to young entrepreneur at Sukuma Afrika Awards at New York Stock Exchange
New York, Johannesburg; 22 September 2010: With a large and growing presence throughout Africa, Nestlé plays a leading role in economic development and poverty reduction across the African continent, particularly in helping farmers to improve income through higher yields and safer crops. In the context of this week’s UN Millennium Development Goal meetings, Nestlé presented a prestigious Sukuma Afrika Young Entrepreneur Award to Ms Elorm Goh, an up-and-coming Ghanaian entrepreneur, at a presentation held in association with Africa investor and the United Nations (UN) at the New York Stock Exchange during the UN General Assembly on the 17th of September.
The Sukuma Afrika Young Entrepreneur’s Millennium Development Goals (MDGs) Awards recognize entrepreneurial initiatives that contribute towards the MDGs developed by some of Africa’s most forward-thinking young entrepreneurs. Nestlé sponsored the Award for Best Initiative in support of MDG 1; the United Nations goal that focuses on eradicating extreme poverty and hunger.
Nestlé has demonstrated its commitment to eradicating extreme poverty and hunger through a number of targeted programs to help farmers and improve crops across the continent and, in partnership with Sukuma Afrika, is extending this platform to support young African entrepreneurs.
The Award was won by Ms Elorm Goh, a young Ghanaian entrepreneur who, through her company Food Transactions Limited, has established the Agrimarket Project. Recognising the need to promote marketing in agriculture in Ghana, this project seeks to create walk-in shops in various urban markets, stimulate intra-regional trade and contract supplies with processing industries. The project will ensure the collection of produce from farm gates, storage and thereafter facilitate its trade. The initiative will see the company buy from production zones, distribute to urban areas, serve as the intermediary between farmers and processing industries, and market the products in both bumper and leaner seasons.
Niels Christiansen, Vice President for Public Affairs; Nestlé S.A., said, “We are very pleased to sponsor this award related to MDG 1, aimed at eliminating poverty. We work with about 600,000 farmers globally, including in West Africa where Ms Goh has started her business in food distribution. This is a part of our Creating Shared Value business approach, of creating a profitable business while improving the lives of farmers and the public”
Sukuma Afrika (Zulu for “stand up”) is an innovative partnership between the United Nations and the private sector to support entrepreneurship across Africa and support and mentor young entrepreneurs whose business ideas impact the MDGs in Africa. The Sukuma Afrika Young Entrepreneur’s Competition is open to African youth up to 35 years of age, presenting a for-profit business model which contributes to one or more of the MDGs.
The winners of the competition were presented with their awards at a prestigious ceremony held at the New York Stock Exchange in partnership with the United Nations, as part of the 2010 UN General Assembly high-level events, which focus on progress towards the MDGs. The Awards were held in conjunction with the Africa investor Index Series Summit and Awards, which profiles Africa’s capital markets and stock exchanges to the global investment community.
Sukuma Afrika partners include: the UN Millennium Campaign, the UN Office for Partnerships, Nestlé, Citi, SAB Ltd, The Coca-Cola Africa Foundation, Africa investor, Instinct and the Crossland Group. For more information on the competition, go to:
Note to Editors
For more information, please contact Magali Bongrand on +33 9 70 44 07 16, or Catherine Wright at Africa investor on:
Tel: +27 (0) 11 783 2431
Fax: +27 (0) 11 784 5569
About Nestlé – www.nestle.com
Creating shared value is a fundamental part of Nestlé’s way of doing business that focuses on specific areas of the company’s core business activities – nutrition, water and rural development – where value can best be created both for society and shareholders. Nestlé has a long and rich history of contributing to the socio-economic development of Africa, with significant investments and long-term business sustainability in the continent. Nestlé has used its technical expertise, along with local knowledge, to create growth for its business and opportunities for the societies where it operates in many African countries.
About Sukuma Afrika – www.sukumaafrika.org
Sukuma Afrika is an initiative designed to facilitate networking, dialogue, information, mentoring and access to finance for entrepreneurs with projects in Africa that impact the Millennium Development Goals (MDGs) – the eight UN goals to half poverty worldwide by 2015. Sukuma Afrika was established with the support of Africa investor and Instinct from France, in partnership with the UN Millennium Campaign, in recognition of the critical role young entrepreneurs and the Diaspora will play as the generation that will be responsible for reaching the MDGs in 2015.
About Africa investor – www.africa-investor.com
Africa investor (Ai) is a specialist investment communications firm advising governments, international organisations and businesses on communication strategies for capital market and foreign direct investments in Africa. Ai is a founding partner of Sukuma Afrika and works extensively with the international development and business community to facilitate dialogue on private sector development and investment climate initiatives across Africa. Ai publishes Africa investor, the leading international newsstand magazine for Africa’s investment decision makers, published in both English and Chinese (through its Beijing office). Ai also maintains the Africa investor 40 Investors Index and hosts the annual Ai Investment Climate Summit in association with the World Bank Group, along with a series of investment awards to showcase Africa’s business success stories.