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Libya: Unity government denounces creation of ‘national guard’

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Libya’s UN backed unity government has denounced the creation of a new ‘national guard’.

In a statement released on Sunday, the Government of National Accord (GNA) said it considered the creation of the Libyan national guard to be “an attempt to form a parallel body to the presidential guard” it has formed.

“These groups and those supporting it are considered to be outlaws and they will be treated as such by security and judicial bodies,“the statement added .

On Thursday, armed groups mostly from Misrata located in western Libya announced the creation of the “Libyan National Guard,” to continue to fight against Islamic State militants as well as to secure state institutions and diplomatic missions .

Following the news, GNA warned that the formation of a rival guard was an attempt to lead the capital into bloody armed conflict.

The US also voiced concern saying that the creation of such a security force could further destabilize Tripoli’s fragile security.

According to sources, militias in the new guard include backers of Khalifa Ghweil, leader of the self proclaimed Government of National Salvation which refuses to recognise the Government of National Unity.

Business

Absa became the new competitor on the Ethiopia market.

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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.

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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.

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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.

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Motherland News

Black box of the Ethiopian Airline Crash recovered.

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



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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.

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

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