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IMF BOSS WARNS OF PUBLIC FRUSTRATION IN THE MIDDLE EAST.

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The Managing Director of the International Monetary Fund (IMF),Christine Lagarde on Tuesday said a ‘’ Popular discontent is bubbling” in the Middle East and Maghreb region,and needs immediate attention.

At a regional conference in Marrakech,Morocco themed’‘ Opportunities for All’‘,the regional leaders committed to quickly fix the social and economy pressures facing its people.

Saadeddine El Othamani , Prime Minister of Morocco is upbeat meeting the needs of its people immediately.

Developing long-term strategies is important, but often this is not enough because the population has expectations for immediate solutions.The population has needs that must be met immediately and that is why, in addition to these long-term strategies, we must implement emergency projects and programmes to meet at least the minimum of these expectations and aspirations’‘,Saadeddine said.

IMF Managing Director Christine Lagarde regretted the lack of support for the teeming youth of the region to thrive.

She proposed inclusive policy mechanisms to support young people ,women and children as well as refugees.

“I saw incredible talents among the young people yesterday, energy and determination… you have to include them. And we must include women, rural populations, refugees, they all need targeted policies, and that is what was said in Davos last week.We must increase, provide training and tools to help these people reach the labour market through education, active labour market policies that help young people, women and refugees to find meaningful solutions”,Christine said.

Participants at the conference hope to take advantage of these two days of exchanges to address the challenges that hinder global growth policies.

Morocco, which hosted the event that ended on Tuesday, highlighted its adopted economic reforms.

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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