Kenya Inks Power Export Deal

Jul 30 , 2022

Ethiopian Electric Power and the Kenya Power & Lighting Company Plc have signed a power purchase agreement for the sale and purchase of 200mw of energy in the first phase of a power export deal. The signatories expect the export agreement to increase to 400mw in the near future. Export is set to begin in the coming November. It is part of the Kenya-Ethiopia Electricity Highway Project. Construction of a 1,068km-long power transmission line between the two countries commenced in 2016. The World Bank provided a 684 million dollar loan for the project, while the African Development Bank (AfDB) and the French Development Agency provided 338 million and 118 million dollars in funding, respectively. The governments of Ethiopia and Kenya contribute 32 million and 88 million dollars, respectively.


Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...