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Egypt to hold presidential election in March

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Egyptians will head to the polls on March 26 to 28 in the first round of a presidential election, National Elections Authority chief Lasheen Ibrahim said on Monday.

A second round would be held on April 24-26 if required, he told a news conference in Cairo.

Ibrahim said the commission would accept applications from presidential hopefuls between January 20 and 29.

“The provisional list of candidates and the numbers of their supporters will be published” in state-run newspapers Al-Ahram and Al-Akhbar on January 31, he said.

Egyptians living abroad are scheduled to cast their votes on March 16-18, and if a second round is held, they would vote again on April 19-21, he added.

The incumbent, Abdel Fattah al-Sisi, is widely expected to run for re-election and win in the first round.

Sisi, a former army chief, was elected president in 2014, a year after leading the military’s ouster of his Islamist predecessor Mohamed Morsi amid mass protests against his year-long rule.

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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