Oxfam Announces: Nestle Resolves Compensation Claim Against Ethiopia From: U.S. Newswire | Date: January 24, 2003 | Copyright 2003 U.S. Newswire. Provided by ProQuest LLC.Copyright information

ADDIS ABABA, Ethiopia, Jan. 24 /U.S. Newswire/ -- Ethiopia, a nation currently facing massive famine due to severe drought and the collapse of the global coffee market, reached an agreement today with the Nestle Corporation to settle a compensation claim that had become a source of public embarrassment. Nestle, the world's largest coffee company, claimed that Ethiopia owed it more than $6 million dollars.

Oxfam disclosed in December that Nestle had turned down Ethiopia's initial $1.5 ...

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