Nestle Expands Zimbabwe Water Storage Five-Fold: Gazette

Nestle SA (NESN)’s Zimbabwe unit will increase its water-storage capacity five-fold this year, the Harare-based Financial Gazette said, citing company spokesman Farai Munetsi.

The company will spend $14 million boosting the size of its water storage with an underground tank as well as on an office, laboratory and upgrades to cereal and drink plants, the weekly Financial Gazette said on its website.

Erratic water supply from Harare, whose mayor said the capital needs $2.5 billion to repair pumping, purification and piping infrastructure according to the Herald, means most businesses and many private households store water on their premises.

To contact the reporter on this story: Brian Latham in Johannesburg at blatham@bloomberg.net

To contact the editor responsible for this story: Nasreen Seria at nseria@bloomberg.net

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