Egypt, Pepsico Discuss Expanding Investment, Empowering Small FarmersSource: www.export-egypt.com 11/17/2024, Location: Africa |
|
|
|
|
|
Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk met with Mohamed Shelbaya, Chairman of PepsiCo Egypt, to discuss ways to enhance co-operation and expand investment in Egypt’s agricultural sector.
PepsiCo has invested approximately $515 million in Egypt over the past five years, including the establishment of a new potato processing plant, production lines, and various agricultural projects aimed at bolstering the country’s potato industry. During the meeting, Minister Farouk praised PepsiCo’s role in Egypt’s agricultural sector, highlighting the company’s commitment to purchasing local produce, processing it, and providing valuable training to farmers to improve their skills. He also underscored the Egyptian government’s focus on fostering a favourable investment climate, which encourages both local and foreign investments in agriculture as key drivers of economic development. Minister Farouk noted that the government is keen to create more investment opportunities in agricultural manufacturing, which plays a crucial role in adding value to Egypt’s national economy, generating jobs, and regulating food prices. He also emphasised the importance of enhancing collaboration with private companies like PepsiCo to help strengthen Egypt’s agricultural sector. In response, Shelbaya welcomed the opportunity to further collaborate with the Ministry of Agriculture and appreciated its efforts to remove barriers to investment. He expressed PepsiCo’s readiness to support small farmers and deepen co-operation with the Egyptian Agricultural Bank to enhance investments in the agricultural sector. Shalaby also highlighted plans to improve local seed potato production to reduce dependency on imports and conserve foreign currency. This meeting marks a significant step in furthering Egypt’s agricultural development, with the government and PepsiCo working together to boost local production, create job opportunities, and stimulate sustainable economic growth in the agricultural sector. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
