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At least 13 dead in multi-vehicle accident in Kenya

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Kenyan police say at least 13 people have been killed in a multi-vehicle accident on a highway outside the capital, Nairobi.

Nakuru County Police Commander Hassan Barua says a speeding truck swerved and rammed an oncoming bus before hitting two vans and other vehicles on the Nakuru-Eldoret highway at a place called Sachangwan.

He says dozens of people were hospitalised.

The accident rate in East African towns tends to rise during the festive season, with police citing drunk driving and speeding.

On Saturday, 30 people were killed in two accidents in central Kenya.

In his Independence Day speech on Tuesday, President Uhuru Kenyatta urged drivers to be cautious.

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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