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DRC president Kabila’s property burnt by assailants

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A home belonging to Democratic Republic of Congo President Joseph Kabila has been attacked and a policeman died in the incident, local lawmakers and U.N. sponsored radio said on Monday.

Photos posted on social media showed the main house on the farm, located near the village of Musienene in North Kivu province in the east of the country, was gutted by fire.

Kabila was not at the property during the attack which took place overnight from Sunday to Monday.

It was not immediately known who was responsible for the raid. The body of the policeman who died was burned, a local government official said.

Congo is embroiled in a political crisis linked to Kabila’s refusal to step down as president when his mandate expired a year ago while militia violence and political unrest are increasing.

“We firmly condemn this barbarous act and call on the population … to disassociate from any actions likely to compromise peace and development in this part of the country,” lawmakers said in a statement.

More than a decade after the end of a 1998-2003 war in which millions of people died, mostly from hunger and disease, rebel fighters and local militias stalk Congo’s mineral-rich eastern borderlands.

The armies of Congo and neighbouring Uganda launched a joint operation against the Congo-based, Ugandan Allied Democratic Forces (ADF) last week.

The Islamist rebel group is suspected of being behind a Dec. 8 attack on a United Nations base in North Kivu that killed 15 Tanzanian peacekeepers and five Congolese soldiers.

The ADF has been blamed for a wave of attacks and massacres in the area. Raids by local Mai Mai militia fighters are also growing increasingly frequent.

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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