Back to the complete issue
Monday, 28 January 2019

Nestlé to invest EGP 1 bn in Egypt in the next five years

INVESTMENT WATCH- Nestlé is planning to invest about EGP 1 bn in Egypt in the next five years, Nestlé North Africa CEO Moataz El Hout said, according to reports in the local press. The company has seen sales growth of more than 25% in 2018 and expects growth of over 20% to continue this year across all lines of business, El Hout said. Nestlé inaugurated last week a EGP 250 mn factory for its coffee brand Bonjorno, which the Swiss food giant plans to position as an export hub for the region.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2018 Enterprise Ventures LLC.