International Red Cross: Food Giant Nestle Giving About $2 Million to African AIDS Fight
Nestle, the world's largest food company, is giving $1.92 million to the International Federation of Red Cross and Red Crescent Societies for their AIDS health programs in Africa, the federation said Thursday. "The money is just the tip of the iceberg," said Nestle CEO Peter Brabeck. "The important part is the values that stand behind it." The money will help fund health programs in Africa during the next three years. Nestle has faced criticism in the past from health campaigners concerned about its marketing of powdered infant formula in developing nations. The World Health Organization says that in poor countries, where up to two-thirds of the people have no access to clean water and mothers are often unable to read instructions properly, baby formula represents a hazard to newborns. The company claims its marketing in developing nations is now in line with WHO rules, although campaigners disagree.