page contents
Connect with us

Motherland News

Ethiopia, Kenya agrees to implement bilateral on trade and security.

Published

on

Kenya and Ethiopia have agreed to fast track implementation of the special status agreement between the two countries, that is envisaged to have economic and security benefits for their citizens.

Kenya and Ethiopia established a Bi Lateral Commission, which is the highest level of structured bilateral cooperation.



The president was speaking at the bilateral meeting held at State House Kenya, following the arrival of Abiy Ahmed on a state visit.

‘‘We have held talks and agreed to focus on our historical ties that our forefathers built for us. We are not proud of what we have been doing over the years and we have to achieve more,’‘ said Abiy who became prime minister of Ethiopia last month.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

The two leaders also discussed the implementation of the Power Purchase Agreement under which Kenya would import up to 400MW from Ethiopia yearly.

Ethiopia is currently completing the Grand Renaissance Dam which it hopes will enable it to supply the region’s electricity needs.

While Egypt has opposed the dam project because of fears it could affect the flow of water downstream, Sudan and Kenya have already expressed enthusiasm at the opportunity to import electricity from Ethiopia.

President Kenyatta and premier Abiy also discussed the two countries’ anti-terrorism strategy that prioritises the stabilisation of Somalia and winning the fight against Al Shabaab.

TO DOWNLOAD OUR MOBILE TV APP CLICK HERE
WATCH FREE MOBILE TV CHANNELS HERE

Business

Absa became the new competitor on the Ethiopia market.

Published

on

Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

IMG-20180912-WA0030

Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE

PROMOTE YOUR BUSINESS FOR JUST $1 CLICK HERE

Continue Reading

Motherland News

Black box of the Ethiopian Airline Crash recovered.

Published

on

The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



IMG-20180912-WA0030

Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE

PROMOTE YOUR BUSINESS FOR JUST $1 CLICK HERE

Continue Reading

Facebook

Advertisement
Flag Counter
Advertisement

Trending

Copyright © 2018 Anttention Media. All rights reserved