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By Umidha Steve
Kenyan entrepreneurs have been urged to participate in Nestles’ Creating Shared Value Prize (CVS) to stand a chance of winning monetary award to boost their businesses’ operations.
Through the Prize, Nestlé encourages and help innovative, commercially viable, and high-impact initiatives achieve scale and financial sustainability.
Three Kenyan organizations and projects have been recognized for the Nestlé CSV Prize since its launch in 2009.
Sanergy and Honey Care won in 2014 while African Sand Dam Foundation which promotes access to water in rural Machakos was the third runners up in 2012.
This year, Agro-Hub, an organization from Cameroon that helps small scale farmers gain access to sustainable markets for their cassava has won CVS prize worth Sh31million funding after beating 24 applicants from Kenya and over 420 others from 80 countries across the globe.
The winners were awarded during the 7th Creating Shared Value Forum in Abidjan. The forum brought together business, government leaders and civil society from Africa, Europe and beyond in the conference themed ‘Investing in sustainable development in Africa.
“Every two years up to three innovative schemes related to water, nutrition or rural developments are selected for the Nestlé Prize in Creating Shared Value (CSV).
Creating Shared Value encourages businesses to create economic and social value simultaneously by focusing on the social issues that they are uniquely capable of addressing,” said Judy Mwangi, Corporate Communications Manager at Nestlé Equatorial Africa Region.