Kenya has forfeited African Development Bank (AfDB) shares worth approximately 92 million US dollars after failing to complete a required capital subscription payment, reducing its ownership stake in the continent’s largest multilateral development lender despite becoming one of its biggest borrowers. Disclosures from the AfDB show Kenya’s shareholding fell to 180,161 shares at the end […]

Kenya has forfeited African Development Bank (AfDB) shares worth approximately 92 million US dollars after failing to complete a required capital subscription payment, reducing its ownership stake in the continent’s largest multilateral development lender despite becoming one of its biggest borrowers. Disclosures from the AfDB show Kenya’s shareholding fell to 180,161 shares at the end […]

Kenyan lawmakers have raised concern that the migration of trained engineers to overseas jobs is weakening technical capacity in the energy sector, including operations linked to the cross-border electricity line that carries power imports from Ethiopia. The warning came during an inspection by members of Kenya’s National Assembly Departmental Committee on Energy and Petroleum, who […]

Kenyan lawmakers have raised concern that the migration of trained engineers to overseas jobs is weakening technical capacity in the energy sector, including operations linked to the cross-border electricity line that carries power imports from Ethiopia. The warning came during an inspection by members of Kenya’s National Assembly Departmental Committee on Energy and Petroleum, who […]

Sidama Bank S.C. has signed a correspondent banking agreement with Equity Bank Kenya, in a move that links the Ethiopian lender to one of east Africa’s largest financial institutions. The agreement establishes a formal banking relationship that enables cross-border services including international money transfers, trade finance operations, and foreign currency transactions. Such arrangements typically allow […]

Sidama Bank S.C. has signed a correspondent banking agreement with Equity Bank Kenya, in a move that links the Ethiopian lender to one of east Africa’s largest financial institutions. The agreement establishes a formal banking relationship that enables cross-border services including international money transfers, trade finance operations, and foreign currency transactions. Such arrangements typically allow […]

The electricity highway between Ethiopia and Kenya (photo: ADB) Addis Abeba – Ethiopia has emerged as Kenya’s primary source of imported electricity, supplying 83 percent of the country’s total power imports in the year to June 2025, underscoring Addis Abeba’s growing role in regional energy security. According to Kenya’s Capital FM, Ethiopia supplied 1,274.42 GWh …

The electricity highway between Ethiopia and Kenya (photo: ADB) Addis Abeba – Ethiopia has emerged as Kenya’s primary source of imported electricity, supplying 83 percent of the country’s total power imports in the year to June 2025, underscoring Addis Abeba’s growing role in regional energy security. According to Kenya’s Capital FM, Ethiopia supplied 1,274.42 GWh …

Field Marshal Birhanu Jula and General Charles Muriu Kahariri sigining the second Ethiopia-Kenya DCA. Photo: ENDF Addis Abeba – Ethiopia and Kenya have signed a new Defense Cooperation Agreement (DCA), more than six decades after the first such pact was concluded in 1963, the year Kenya gained independence. The Ethiopian National Defense Force (ENDF) announced …

Field Marshal Birhanu Jula and General Charles Muriu Kahariri sigining the second Ethiopia-Kenya DCA. Photo: ENDF Addis Abeba – Ethiopia and Kenya have signed a new Defense Cooperation Agreement (DCA), more than six decades after the first such pact was concluded in 1963, the year Kenya gained independence. The Ethiopian National Defense Force (ENDF) announced …