MSABI - Maji Safi Kwa Afya Bora Ifakara, has won about 245million Tanzanian Shillings from Nestlé’s Creating Shared Value Prize.
Based in Ifakara (a rural town in Kilombero Valley, Tanzania), Msabi has helped create more than 180 new safe water points, providing safe water to an estimated 45,000 people. They were second runners up in the 2014 Nestlé Creating Shared Value prize - a biannual award that recognizes business-oriented initiatives that address challenges in nutrition, water or rural development.
“We are elated about the recognition by Nestlé. The prize money will help us provide access to safe water for about 40,000 people over two years by scaling up sanitation and hygiene programmes and improving service provision and water point sustainability,” said Geoffrey Kayega, MSABI Finance Manager.
The announcement was made yesterday at the 6th Creating Shared Value Forum in Switzerland. Nestlé, in collaboration with the United Nations Conference on Trade and Development (UNCTAD), co-hosted the forum themed: Creating Shared Value: Changing role of business in society.
The CSV forum which was streamed live in Nairobi brought together business, government leaders and civil society from Switzerland, Europe and beyond to discuss how governments worldwide can work in concert with civil society and the private sector to accelerate sustainable development.
“The reward is given to innovative businesses that create value for their communities by addressing issues of nutrition, water or rural development,” said Cornel Krummenacher, CEO Nestlé Equatorial Africa speaking during a live streaming event of the Nestlé’s CSV Forum in Nairobi.
Cornel observed that through the Prize, Nestlé encourages and helps innovative, commercially viable, and high-impact initiatives achieve scale and financial sustainability.
Over 757 applicants from 93 countries applied for the 2014 CSV Prize. “The most important selection criterion is the strength of the business case and the demonstration of financial sustainability to ensure operational continuity after the grant expires,” said Krummenacher.
South Sudanese Honey Care Africa won the overall prize while Sanergy –a Kenya social enterprise that helps slum dwellers to access sanitation facilities was third runners up.
During the announcement, Nestlé Global CEO Mr. Paul Bulcke called for the nominations for 2016 CSV prize which will close on 28 February 2015. The Prize is open to individuals, governmental and non-governmental organizations, academia and social enterprises.