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Zimbabwe president issues assets declaration order to top officials.

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Zimbabwe has given cabinet ministers and senior government officials until the end of February to declare their assets as new President Emmerson Mnangagwa seeks to foster transparency and fight corruption.

Mnangagwa, 75, took power after Robert Mugabe was toppled by the military. He immediately promised to tackle corruption, especially in public institutions.

Misheck Sibanda, chief secretary to the president and cabinet, said in a statement that it was now mandatory for cabinet ministers, their deputies, senior government officials and bosses of state-owned businesses to declare their assets.

The officials will be required to disclose details on their real estate, other property valued above $100,000, and shareholdings in businesses by February 28.

“The president expects the full and urgent cooperation of all the affected office bearers,” Sibanda said.

Mnangagwa, who is attending the World Economic Forum in Davos, the first time by a Zimbabwean president, is trying to break with past policies of Mugabe in a bid to lure foreign investment and end the country’s international economic isolation status.

Under Mugabe’s near four-decade rule, few government officials were arrested for corruption.

When the military announced it had put Mugabe under house arrest on Nov. 15, it said it was targeting criminals that surrounded the 93-year-old leader.

Since then, three former government ministers and allies of Mugabe have been arrested and charged in court for criminal abuse of office. The trio denies the charges and say they are being persecuted for supporting Mugabe and his wife Grace.

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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