Kenya and Ethiopia, on Thursday, signed a new deal on construction of an oil pipeline, according to Daily Nation.
Kenyan President Uhuru Kenyatta and Ethiopian Prime Minister Hailemariam Desalegn signed the agreement on the proposed pipeline that would run from Lamu to Addis Ababa.
The leaders also witnessed the signing of other MOUs in the fields of oil and gas, health and sanitation, education and cross-border co-operation in sports.
They will explore the possibilities of launching a Joint Grand Kenya/ Ethiopia Marathon as a sports brand to promote cultural co-operation and sports tourism.
Kenya’s Foreign Affairs Cabinet Secretary Amina Mohammed confirmed that the two leaders signed an MOU on an oil pipeline deal and agreed to meet twice annually to follow up on implementation of that and other agreements.
Ministers will be meeting quarterly and the technical team monthly to ensure progress.
Elsewhere, during a Kenya-Ethiopia business forum on Thursday, it was revealed that trade between the East African nations rose from $46 million in 2008 to $77 million in 2015. Kenyatta and Desalegn, however, urged the business communities in the two countries to network and explore areas of more collaboration to further increase trade between them.
“Clearly the world recognizes the opportunities that exist in our countries: that is evident through the ever increasing foreign direct investment inflows to both countries,” Kenyatta said.
According to Footprint to Africa, the Ethiopian PM said realization of the Lamu Port-Southern Sudan-Ethiopia (LAPSSET) Corridor Project would improve trade partnerships between his country and Kenya.
Desalegn is on a three-day State visit to Kenya in the company of his Ministers for Foreign Affairs, Transport, Mining, Energy, Livestock and Fisheries Resources.