Nestle to Invest $1BN in Africa Over Next Two Years

Consumer giant Nestle has announced its intention to invest $1BN in the African continent over the next two years according to an article in Reuters. The comments, made by the firm's Chief Executive at the opening of a factory in Nigeria (the firm's 27th in Africa), highlight the continued trend of large consumer goods hoping to expand their presence in the African market in order to tap into continent's growing consumer base.