page contents
Connect with us

Motherland News

NAMIBIA PRESIDENT BANS FOREIGN TRAVEL FOR ALL OFFICIALS.

Published

on

President of Namibia, Hage Geingob, has with immediate effect banned all foreign travel for public office bearers.

In a statement published on January 31, 2018 via the government’s Twitter handle, the president said the move was to ‘rein in public expenditure.’

“This directive is specifically in the interest of curtailing public expenditure, no request for outbound travel of Ministers, Deputy Ministers and other Political Office Bearers will be considered until after the end of February 2018.

The President has lead by example on containing his own travel expenditure by only taking absolutely critical outbound travel and with smaller delegations since assuming office almost three years ago,” the statement added.

The president has made two outbound trips between December 2017 and January 2018, he opted to forgo the presidential jet when going for vacation late last year. He also boarded a commercial flight to Ethiopia where he participated in the 30th African Union summit.

Namibia began cutting public spending in 2015, particularly in the areas of health, education and defense.

Due to a slowdown in its economy, Namibia’s public debt rose from 2 billion euros in 2013 to 4.8 billion euros in 2017.

Thousands of soldiers will be made to take forced leave from February to reduce the cost of electricity, water and food for the army.

Geingob is leader of the ruling SWAPO party which started out as an independence liberation movement formed in 1960. It has been Namibia’s only governing party since independence in 1990.

The party won the last general elections in November 2014 winning 86.73% of votes and 77 out of 96 legislative seats.

Business

Absa became the new competitor on the Ethiopia market.

Published

on

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.

IMG-20180912-WA0030

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.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

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.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE

PROMOTE YOUR BUSINESS FOR JUST $1 CLICK HERE

Continue Reading

Motherland News

Black box of the Ethiopian Airline Crash recovered.

Published

on

The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



IMG-20180912-WA0030

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.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE

PROMOTE YOUR BUSINESS FOR JUST $1 CLICK HERE

Continue Reading

Facebook

Advertisement
Flag Counter
Advertisement

Trending

Copyright © 2018 Anttention Media. All rights reserved