President William Ruto has announced that PepsiCo has expressed interest in setting up operations in Nairobi, Kenya.
Speaking after meeting with PepsiCo’s Chief Executive Officer for Africa, the Middle East, and South Asia, Eugene Willemsen, in Riyadh, Saudi Arabia, the head of state expressed gratitude for the company’s interest.
“The firm’s broadening of its portfolio will accelerate the exploitation of irrigation-fed agriculture, thereby expanding economic opportunities for millions of our youth,” he said.
He noted the establishment will serve as its investment hub for Africa.
Ruto also said the two leaders discussed approaches to advancing farming in Kenya to increase production.
“We can only grow, prosper and advance when we walk together with other countries across the globe to discover, navigate and expand new frontiers and markets,” Ruto said.
Ruto’s Economic Advisor David Ndii was also present during the discussion.
PepsiCo is a multinational American food, snack, and beverage corporation with 23 brands.
The company is in charge of product manufacturing, distribution, and marketing.
