The American multinational food, snack and beverage corporation PepsiCo Inc. has expressed interest to invest in Ethiopia. Shiferaw Teklemariam (Ph.D.), Ethiopia's Ambassador to South Africa, has held a discussion with senior management of PepsiCo's African branch.
Brazilian petroleum company, Petra Energiya, submitted a proposal for a concession in the Ogaden and Abay basins of Ethiopia according to sources.
The actual blocks that the company has submitted a proposal for are yet to be disclosed as the proposal is being evaluated by experts in the Petroleum Licensing and Administration Section of the Ministry of Mines.
The MoM awards concession upon negotiation with companies unless there are several companies interested in the same block in which case the ministry floats a tender according to officials.
Petro Trans has contracted BGP and Sunrise, Chinese companies, to undertake seismic survey and exploration well drilling of 
the Calub and Hilala gas fields in Ethiopia according to Richard Spooner, Country Manager for the company.
BGP was hired last month to collect seismic data from the Hilala, calub, Genale and Warder blocks explained Spooner. Experts from the company have already begun analyzing the petroleum data collected from the Ogaden he said.
Petrotrans, the Honk Kong based petroleum company is seeking arbitration for the termination of its gas fields development project by the Ethiopian Ministry of Mines according to sources.
The company is in the process of preparing for a legal suit at the International Arbitration Court in Geneva said the sources.
It is to be remembered that the Ministry of Mines revoked the development agreement signed with the agreement last July claiming that it had failed to execute the project according to the agreed upon schedule.
The company had been unable to initiate actual exploratory activities thus breaching its agreement with the Ethiopian government according to the termination notice sent by Sinkenesh Ejigu, Minister of Mines.
Pfizer, the leading global health company reiterated its commitment to fighting counterfeit medicines by helping to build capacity of major stakeholders in the health sector including decision makers, by partnering with the Government of Ethiopia's regulatory agencies and through creating awareness by the use of media.
Pfizer also announced that it will launch products in its Cardio Vascular (CV) portfolio in response to the rising incidence of cardiovascular diseases in the country.
In his speech during a press briefing at the Hilton hotel on April 24, Dr. Enrico Liggeri, Country Manager, Nigeria and East Africa region (NEAR) described Ethiopia as the second largest market interest and focus of business expansion.
As part of its awareness campaign, Pfizer partnered with the AU to engage medical experts and created a platform to discuss current trends on cardiovascular diseases in the country.
