page contents
Connect with us

Motherland News

U.S. congratulates Somalia for successful election

Published

on

The United States has congratulated the people of Somalia on the successful election of a new president, promising to work with the new head of state Mohamed Abdullahi Farmajo.

In the same light the US government commends the Somali Security Forces and the African Union Mission in Somalia for their efforts over the past six months to allow the electoral process to unfold in a relatively safe and secure environment.

Somalia’s new administration has also been advised to take credible steps to stamp out corruption and to establish strong electoral institutions to enable a free and fair one person one vote poll in 2020.

The United States established diplomatic relations with Somalia in 1960.

Somalia turned towards the West in the 1970’s following the war with Ethiopia in search of international support, military and economic aid.

Apart from promoting political and economic stability, the U.S. has the interest of helping Somalia to eliminate terrorism as well as engaging to help the country in the horn of Africa to alleviate its humanitarian crisis caused by years of conflict and drought.

Business

Absa became the new competitor on the Ethiopia market.

Published

on

Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

IMG-20180912-WA0030

Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE

PROMOTE YOUR BUSINESS FOR JUST $1 CLICK HERE

Continue Reading

Motherland News

Black box of the Ethiopian Airline Crash recovered.

Published

on

The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



IMG-20180912-WA0030

Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE

PROMOTE YOUR BUSINESS FOR JUST $1 CLICK HERE

Continue Reading

Facebook

Advertisement
Flag Counter
Advertisement

Trending

Copyright © 2018 Anttention Media. All rights reserved