American Firm Invests in Local Food Maker

Dec 28 , 2019

PepsiCo, an American multinational food, snack and beverage corporation, joined Senselet Food Processing Plc as a major shareholder. Veris Investment, a private equity firm, and PepsiCo will run the company, the former being a minority shareholder. Veris Investment, which is engaged in the food value chain in Sub-Saharan Africa, founded Senselet Food in 2015. Senselet makes the SUN Chips brand from locally-sourced potatoes. SUN Chips is distributed with various flavours and different sized packs. The company has established business partnerships with local farmers over the past three years. Along with the Dutch government, the company has been facilitating farmer training programmes intended to increase yield and produce high-quality potatoes. Located around 65Km from the capital, Senselet has more than 150 employees.