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Madagascar cyclone death toll rises to 51, thousands displaced

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The death toll from a cyclone that hit Madagascar about 10 days ago has risen to 51, with another 22 people reported missing, authorities said on Sunday.

Tropical Cyclone Ava passed through Madagascar on Jan. 5-6, hitting mostly the eastern coast of the island with wind speeds of between 140-190 kph (87-119 mph).

The death toll had been put at about 29 people a week ago.

The National Office of Risk and Disaster Management said in a statement on Sunday more 54,000 people were displaced by the cyclone.

In March 2017, Cyclone Enawo killed at least 78 people on Madagascar’s vanilla-producing northeastern coast.

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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