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Spain rescues 104 migrants crossing Mediterranean Sea

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Spain’s maritime rescue service says it has saved 104 migrants trying to make the perilous crossing of the Mediterranean Sea to Europe from North Africa.

The service says its rescue craft Guardamar Concepcion Arenal intercepted two boats carrying 53 and 22 migrants each overnight and early Sunday in the Strait of Gibraltar. The same rescue vessel also took on board another 25 migrants that a Civil Guard patrol craft had picked up at sea.

Another rescue craft, the Salvamar Denebola, later spotted a tiny rubber boat carrying four more migrants that it took to shore.

Tens of thousands of migrants try to reach Europe each year in small smugglers’ boats unfit for the open sea, with thousands dying in the attempt.

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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