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Tanzania leader rules out extending presidential terms

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Tanzanian President John Magufuli will not seek to extend presidential terms in the East African country, his party said.

Some members of the ruling Chama Cha Mapinduzi (CCM) have been calling on Magufuli, 58, to extend presidential terms from the constitutionally mandated five years to seven years.

“President Magufuli has appealed to Tanzanians to ignore such calls because the issue of presidential term extension has never been discussed by top organs of the ruling party,” CCM said in a statement on Saturday.

Magufuli does not plan to make the change “at any time during his presidency”, the statement added.

Tanzania, one of sub-Saharan Africa’s most stable democracies, has held five relatively peaceful multi-party elections since 1995, all won by the ruling party.

Magufuli was elected in October 2015 for his first term and has not indicated whether he will seek re-election in 2020. If he does and wins, he would be ineligible to contest the vote in 2025.

For months, the opposition has alleged a shadow campaign to change the constitution and extend Magufuli’s term.

Nicknamed “the Bulldozer” for his strict leadership style, Magufuli has won praise for his tough anti-corruption fight.

Opponents, however, accuse him of cracking down on dissent and limiting democratic space. He has denied the allegations.

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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