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EGYPTIAN OPPOSITION LAUNCH CAMPAIGN TO BOYCOTT ELECTIONS.

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This is the second call for a boycott of the election in which president Abdel Fattah el-Sisi is seeking a second term of office.

The call comes after re National Elections Authority confirmed that it had validated two nominations for the election, with Sisi’s only challenger emerging as Moussa Mostafa Moussa of the liberal party Al – Ghad.

Hamdeen Sabbahi, a former presidential candidate in 2012 and 2014, said at a press conference in Cairo of the coalition of eight opposition political parties and 150 Egyptian personalities.

“Can we talk about elections when there is no guarantee of a free vote?” Sabbahi questioned.

Sabbahi went on to accuse the current president’s regime of having “led the country into a deadlock because of its arrogance and willingness to repress any contrary opinion”.

The coalition, founded in December, announced that it was launching a campaign under the slogan “Stay at Home” to encourage Egyptians to boycott the elections.

Sisi was elected president in 2014, one year after he led the coup to remove Egypt’s president at the time, Muslim Brotherhood’s Mohamed Morsi.

His opponents accuse Sisi of methodically eliminating all Islamist and liberal opposition when he became head of state.

In recent weeks, several contenders – including human rights lawyer Khaled Ali and former Prime Minister Ahmed Shafik have withdrawn their presidential bids citing intimidation from the state.

Two officers from the army including former chief of staff Sami Anan, were detained by the military after declaring their intentions to challenge Sisi for president.

The first round of the election is scheduled to take place from 26 – 28 March, 2018.

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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