Ethiopia, Kenya sign new electricity supply deal
AI Summary
Ethiopia and Kenya have inked a new electricity supply agreement that's set to bolster Kenya's energy security and reduce its reliance on imported power. The deal will see Ethiopia supplying energy at $0.15 per kilowatt-hour to Kenya's state-owned distributor, marking a strategic move to enhance regional energy integration. This agreement is crucial as it underscores Ethiopia's growing role as a regional energy powerhouse, potentially impacting trade and economic ties across East Africa.
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