US-based PepsiCo eyes Ethiopia investment

US based PepsiCo eyes Ethiopia investmentPepsiCo Inc., an American multinational food, snack, and beverage corporation, has expressed its interest to invest in Ethiopia.

Ambassador of Ethiopia to South Africa, Dr. Shiferaw Teklemariam, held a discussion with the senior management staff of the African branch of the NewYork headquartered corporation.

PepsiCo considers Ethiopia as a strategic nation for its investment and products, they said, further expressing interest to invest in edible oil as well as food and juice processing plant.

Ambassador Dr. Shiferaw for his part said Ethiopia attaches due attention to the agro-processing industry, adding the Government of Ethiopia would give full support for the planned projects of PepsiCo.

The ambassador extended an invitation to heads of the companies to visit Ethiopia to assess the conducive investment climate, meet with government officials and the private sector.

Heads of the corporation accepted the invitation and pledged to visit Ethiopia and meet with stakeholders soon, Africa Business Networking reported citing FBC.

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