The world’s largest food and beverage company, Nestle, which is headquartered in Switzerland, has pledged to fulfill the government’s re-industrialisation aims by increasing its investment portfolio in Zimbabwe.

Nestle Zimbabwe signed a memorandum of understanding (MOU) with the Standards Association of Zimbabwe (SAZ) on quality of products this week, and is looking at consolidating its operations within the country.

The company’s Managing Director for Equatorial Africa Region, Mr Ben Ndiaye told the ZBC News on the sidelines of the signing ceremony that there are still vast opportunities to increase and develop operations in Zimbabwe.

“We are looking for more opportunities as we seek to consolidate our investment base,” he said.

The signing of the MOU comes at a time when the government is forging ahead with efforts to attract investors on strategic sectors of the economy.

It is being anticipated that the plan will also enable the company to focus on increasing exports that reached $3,5 billion between January and November last year.