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Published 14 days ago

For Multinationals, Africa’s Allure Is Fading

Summary by Bloomberg

(Bloomberg Businessweek) -- Nestlé SA in August shuttered production of Nesquik chocolate milk powder in South Africa, citing falling demand. A year ago, Unilever Plc pulled the plug on the manufacturing of home-care and skin-cleansing products in Nigeria to “sustain profitability.” And pharma giants Bayer AG and GSK Plc have outsourced distribution of their products to independent companies in Kenya and Nigeria.Drawn by rapid growth, youthful p…

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For Multinationals, Africa’s Allure Is Fading

(Bloomberg Businessweek) -- Nestlé SA in August shuttered production of Nesquik chocolate milk powder in South Africa, citing falling demand. A year ago, Unilever Plc pulled the plug on the manufacturing of home-care and skin-cleansing products in Nigeria to “sustain profitability.” And pharma giants Bayer AG and GSK Plc have outsourced distribution of their products to independent companies in Kenya and Nigeria.Drawn by rapid growth, youthful p…

14 days ago·United States

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