Kenya's plan to import electricity from Ethiopia faces potential roadblocks due to the worsening energy crisis in the nation. The Energy and Petroleum Regulatory Authority (EPRA) is concerned that power shortages in Addis Ababa could disrupt supply to Nairobi, potentially forcing a renegotiation of the 25-year power purchase agreement (PPA) signed in July 2022.
Kenya is set to increase its energy imports from Ethiopia, as the two neighbors activate a bilateral agreement on power trade.
Brookside Dairy, a Kenya based milk processing and marketing company is eyeing to acquire 20 percent share in Ethiopia's Elemtu Milk Integrated Industry, Fortune reported.
Elemtu is developing a milk processing plant in the outskirts of the capital, Addis Ababa at a cost of 60 million Ethiopian birr.
Vegpro Group, a Kenya based vegetable and flower exporter, is to expand its operations of horticulture packaging and exports in Ethiopia.
The company has several investments and package centers in various countries in Africa and is planning to setup a packaging center in Southern Ethiopia for the export market.
The Kenyan horticulture giant is one of the biggest companies supplying food to supermarkets in the UK and EU.Seven Seas Technologies (SST), a Kenyan integrated information technology services provider, is set to open an office in Addis Ababa.
The Kenyan SST said that it was going to invest nearly one million dollars in its move to register a strong market presence within the horn of Africa region.
SST's venture into the Ethiopian market is powered by a joint venture agreement with Netcom Limited an Ethiopian company.
