Ethiopia reaches out to Djibouti and Kenya to partner on mega projects

Sudan ilitaka kujoin east Africa museveni akaizuia,so this is another opportunity ya kuform another horn of Africa community which is more rewarding than EAC full of backstabbing.
 
Kenya's biggest bank KCB was given an exception to enter the Ethiopian market, it opened an office in Adis to do market research and make preparation for final investment decision .... Ethiopia economy is slowly opening up to Kenya. Go it a #@&#!

https://www.businessdailyafrica.com...to-lift-KCB/539552-3115440-2cqetiz/index.html
KCB Group is set to reap huge from new business after it opened an Ethiopian representative office amidst a planned slowdown in branch rollout, investment bankers at New York-based Citi say.With the savings and new business, the price of each share of the banking group is likely to rise further from the current levels of Sh41 to about Sh58, according to the analysts.A similar conclusion is arrived at by Nairobi-based Genghis Capital which points out that the Ethiopian representative office and the planned entry into the DR Congo and Mozambique are likely to have a positive impact on the financial results this year.Citi notes the KCB is establishing a foothold in Ethiopia to service Kenyan clients who do business in Ethiopia.

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“While the Ethiopian banking market remains closed to foreign banks, KCB believes this will change within the next few years. KCB is only the second African bank to open a rep office in the country,” says Citi.The New York-based investment bankers argued that “Ethiopia is one of the last remaining sizeable frontier markets untapped by foreign investors. As such, we view KCB’s entry—modest as it may be at the moment—as a promising development”.
 
Kenafric enters Ethiopia with Sh500m factory
Geza Ulole said:
Mention one manufacturing factory in Ethiopia owned by Kenya!
Click to expand...
Hio proposal by Ethiopian PM ni economic partnership, yani kupiga madili na kula bakuli moja, usiku ukifika kila mtu akalale kwake...si ule upuzi wa sijui federation.. the socalled white elephant of lapsset slowly turning in to a blue elephant ready to serve the lue economy! Hehe, serekali ya SA nayo wanatoa $1.2B ku wekeza kwa bandari tatu zaidi za lamu na barabara ...


And to aswer your question


Kenafric enters Ethiopia with Sh500m factory

SUNDAY, FEBRUARY 11, 2018 22:00 BY MUTHOKI MUMOFood and beverage firm Kenafric Industries has become one of the first Kenyan companies to break into the Ethiopian market with a Sh500 million ($5 million) investment in a biscuit and sweets production plant.Kenafric said the production facility, which is located about two hours from the capital Addis Ababa, is part of a larger plan to diversify and expand its operations in East Africa.“We have been able to sign some commercial agreements in Ethiopia to begin production. We intend to start by the end of the year.
 
Geza Ulole said:
Mention one manufacturing factory in Ethiopia owned by Kenya!
Click to expand...

Calm your balls, Kenafric Industries is already in Ethiopia! What you should be asking is this; "What else can't Kenyans do in Ethiopia when economic doors open?"
 
kirk git said:
Kenafric products (aka sugar candy) have been barred from export to uganda and tz due to importing industrial sugar
🙂
Click to expand...

We are talking here of Ethiopia! Why inject in UG? If anything UG's move was solely instigated by the EAC poster boy of crying wolf-Tz! None of EAC members produces this industrial sugar , we all import it and it's just but an ingredient of finished products manufactured within EA.

That's why it's aptly high time for Kenya to span its wings beyond the jealous lot! It's now business unusual,baby!
 
Even without signing MoUs or holding conferences... this economic patnership is a long time coming, between Sudan, Kenya and Ethiopia - we could potentially trade among ourselves and be sustainable ...
South Sudan president also proposed to linkup rail to Ethiopia,Uganda, Kenya, ...


January 3, 2018 (KHARTOUM) – Sudan’s President Omar al-Bashir on Tuesday unveiled plans to build a railway system that links the country to landlocked Ethiopia and South Sudan.Sudan Railways passenger train in 1964. (Photo Historical Railways Images)"We will connect [Sudan’s] railway lines to Ethiopia," al-Bashir said while inaugurating a new train line linking capital Khartoum to the city of Wad Madani, the capital of Sudan’s central El Gezira State.“We also seek to link our railway to South Sudan so that it might serve as a transit hub with Kenya and Uganda, thus facilitating the movement of people and goods to those countries," he added.He did not, however, hint on when the project would be completed.Ethiopia and South Sudan still depend on seaports in neighbouring states like Sudan, Djibouti, and Kenya to export their goods abroad.
 
All Kenyans here are building towers on the quicksand, wait and see what is on offering. The only thing you've lost is being a rule maker, now you'll be a rule taker. Ethiopian Sudan and little Djibouti knows how frustrated Kenya has been with the direction EAC is taking which is every member counts, rather than one member takig everything and leave the rest with nothing. They will use this to slap Kenya with any rule comes on the table. Sudan isn't country to be shaken up neither is Ethiopia. As for Tanzania so consent, we can't wait to see the back of Kenya from EAC.
 

Those are wishful thinking.
Btw hiyo kufungua visa ndo NINI?
 
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