Mr Guelleh said Djibouti desires to strengthen its partnership with Kenya in developing the region and making it peaceful.
He said Djibouti and Kenya are working together to make Somalia peaceful to ensure that the security risk that its continued instability poses to the region is eliminated.
“We are in a troubled region where we are confronted by extremism and violence. That is why our militaries are in Somalia to help it regain stability because what happens in Somalia has an immediate impact on all of us,” said President Guelleh.
He said Djibouti, like Kenya, is sincere in its desire to make Somalia peaceful.
After the talks, President Kenyatta and President Guelleh, who arrived in the country on Tuesday, witnessed the signing of the agreements.
The trade agreement will open the door for more business between Kenya and Djibouti as it will act as a facilitation mechanism.
“The parties, for enhancing and facilitating trade between the two countries, shall grant each other the Most Favoured Nation Treatment in all matters relating to trade,” says part of the agreement signed on Kenya’s behalf by Industry, Trade and Cooperatives Cabinet Secretary Adan Mohamed.
In the bilateral cooperation in the livestock sector, Kenya will work together with Djibouti in expanding the livestock business sector.
Kenya will tap the experience of Djibouti in unlocking the potential in business in the livestock sector especially in exports to the Middle East.
The two nations will increase trade in livestock and livestock products. The agreement was signed on Kenya’s behalf by Cabinet Secretary for Agriculture Mwangi Kiunjuri
In their desire to promote greater economic cooperation, the two leaders also oversaw the signing of an agreement which binds both nations to protect private or public investment in each country originating from the other.
Cabinet Secretaries Monica Juma (Foreign Affairs) and Fred Matiangi (Interior and Coordination of National Government) signed the other two agreements.
Deputy President William Ruto and Cabinet Secretaries attended the bilateral meeting with President Guelleh and his delegation.
President Guelleh's visit comes hot on the heels of the two day State Visit by Ethiopian Prime Minister Abiy Ahmed Ali.
Ethiopia, Djibouti May Swap Stakes in Airlines, Ports
By Nizar Manek
Deal politically endorsed while details pending, minister says
Landlocked Ethiopia views tiny Red Sea state as key partner
Ethiopia and Djibouti agreed to swap stakes in strategic public enterprises including airlines, ports and telecommunications companies, as the Horn of Africa neighbors pursue deeper economic integration.
The deal would include exchanges of shares in Ethiopian Airlines Enterprise, Africa’s biggest carrier by revenue, Djiboutian Finance Minister Ilyas Dawaleh said in an interview. Shareholdings in companies such as the Doraleh Container Terminal and in a new oil terminal, Ethiopian Telecommunications Corp. and Djibouti Telecom SA will also be swapped, he said.
While the deal has been politically “endorsed,” the two countries will form a committee to work out the details, Dawaleh said by phone April 30. Ethiopian Information Minister Ahmed Shide confirmed the agreement in a text message.
The pact came as Ethiopia’s new prime minister, Abiy Ahmed, made his first foreign visit at the weekend to Djibouti, the tiny state located where the Indian Ocean meets the Red Sea and that’s become a strategic hub for the U.S. and China. Landlocked Ethiopia -- which the International Monetary Fund ranks as the fastest-growing economy on the continent -- is trying to boost its export-oriented manufacturing, making it reliant on neighboring nations with ports.
Dawaleh said Abiy told Djiboutian officials that both countries should start referring to their state-owned enterprises as belonging to all, rather than one nation.
Abiy said in a statement on his Facebook page that officials from both countries “underlined the importance of working towards the realization of complete economic integration of the two economies.” He didn’t elaborate.
Ethiopia eyes 1 bln USD annual revenue from Chinese-discovered natural gas
Source: Xinhua 2018-04-12 04:19:18 ADDIS ABABA, April 11 (Xinhua) -- The Ethiopian government on Wednesday announced its plan to generate close to 1 billion U.S. dollars on annual basis from the recently discovered natural gas.
The 7 to 8 billion cubic trillion feet (TFC) of natural gas in Ethiopia's Somali regional state was recently discovered by the Chinese firm Poly-GCL.
"We are expecting a one billion U.S. dollar revenue from gas export in the first year of operation, anticipating the figure would rise in the subsequent years due to the huge reserve," Ethiopian Minister Mines, Natural Gas and Petroleum, Motuma Mekassa, was quoted by state newspaper on Wednesday as saying.
Mekassa also said that due to the expensive nature of the processing procedures an agreement was reached with the Chinese Poly-GCL to install a pipeline and transport the gas to Ethiopia's neighboring country Djibouti.
According to Mekassa, the Chinese firm is also expected to build a Liquefied Natural Gas (LNG) plant in Djibouti Port so as to process the natural gas and export it to China.
He also revealed an ongoing negotiation between the Chinese Poly-GCL and Djibouti's government in the construction of the pipeline and liquefied gas plant, in which the Ethiopian government is helping the two parties reach the final agreement.
The gas discovery is a great phenomenon which is expected to make a meaningful contribution in sustaining country's rapid economic growth in the years to come, according to Mekassa.
"Ethiopia has witnessed non-oil driven economic growth for over a decade and the discovered gas is essential in diversifying the economy and enlarging natural resources contribution to the country's GDP," he explained.
The energy sector is one of Ethiopia's priorities as the country envisaged to become a light manufacturing hub in Africa and a middle-income economy by 2025.
Officials at the Ethiopian Ministry of Water, Irrigation and Energy (MoWIE) on Monday told Xinhua that Ethiopia is presently working to reach 17,300 MW of energy by the end of 2020, from the current 4,280 MW of energy through energy projects in hydro, wind, geothermal and biomass energy.