AGP Executive Report
Last update: 5 hours agoEthiopia–Kenya Power Deal: Kenya Power has signed a fresh electricity supply agreement with Ethiopia’s Ethiopian Electric Utility, expanding imports via the Ethiopia–Kenya 500kV HVDC interconnector at about 24.07 birr per kWh, building on a long-term trade that has already brought hundreds of megawatts of mainly hydropower to Kenya. Addis Ababa Investment Push: Addis Ababa says it has pulled in over 1.3 trillion birr in capital investment in five years, issuing thousands of new and expansion investment licenses and reporting billions of birr already injected into the city economy. Monetary Policy Update: The National Bank of Ethiopia removed the temporary bank credit cap, raised the policy interest rate by 1 point to keep tight conditions, cut the foreign exchange commission rate, and adjusted export surrender requirements to support the FX market and ease import costs. Diplomacy: Prime Minister Abiy Ahmed met Benin President Romuald Wadagni to deepen bilateral ties, while Ethiopia also said it is actively working with Saudi authorities to protect Ethiopian nationals, noting nearly 2,000 benefited from Saudi royal amnesties. Air Connectivity: Ethiopian Airlines inaugurated direct passenger service to Mauritius, adding another link to its Addis Ababa hub. Regional Security & Human Rights: Ethiopia’s foreign ministry reiterated consular engagement for citizens abroad as regional tensions and migration pressures continue to shape diplomacy.
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