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.
Catalyst Principal Partners, a Kenya based private equity firm, yesterday announced the acquisition of a 50% stake in Yes Brands Food & Beverages PLC, Ethiopia.
A high level Kenyan trade delegation is to visit Ethiopia on a three day trade mission in Ethiopia. The event is organized by the Kenya Association of Manufacturers and the Kenyan Embassy in Ethiopia.
The delegation include senior government officials of the Kenyan government and industry executives from food & beverage, metal, construction sectors. The organization of the event is aimed at nurturing closer economic, political and cultural ties between the two countries.Kenya’s Electricity Transmission Company stated that the import of cheap electricity from Ethiopia had progressed highly with the plan of constructing high voltage lines commencing in May, Fana Broadcasting Corporate reported.
Uchumi Supermarkets Ltd., Kenya’s only publicly traded retail chain, plans to expand to Ethiopia, according to its CEO Julius Kipng’etich.
