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BOTSWANA PRESIDENT APPOINTS SLUMBER TSOGWANE AS VICE PRESIDENT

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Botswana President Mokgweetsi Masisi has appointed Mr Slumber Tsogwane as his vice, the government confirmed on its online page.

Mr Tsogwane, 58, was Wednesday sworn-in as the Republic of Botswana’s 9th vice-president.

President Masisi, 55, was also expected to appoint his new cabinet soon, following his inauguration as Botswana’s fifth president on Sunday.

His swearing-in ceremony in parliament came after Ian Khama stepped down, ahead of completing the constitutional maximum 10 years in office.

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Botswana is one of the Africa’s most stable countries and the continent’s longest continuous multi-party democracy.

It is rated as the least corrupt country in Africa by Transparency International and has a good human rights record.

But it has also struggled with rising unemployment rate of about 18 per cent and an HIV/AIDS epidemic.

“It is because of the peace and tranquility that our leaders have sustained for so long that Botswana (people) have continued to enjoy relative prosperity,” President Masisi said Sunday after taking his oath.

“One of my top priorities as the president of this country will be to address the problem of unemployment, especially amongst the young people,” he added.

Mr Tsogwane is the MP for Boteti West constituency and the chairman of the ruling Botswana Democratic Party (BDP).

Prior to his appointment as vice-president, he served as the Local Government and Rural Development minister.

Under his leadership, the ministry enhanced its monitoring systems for improved service delivery at the local level, while providing professional support to the authorities.

Mr Tsogwane has been the Boteti Constituency MP since 1999. He first joined the cabinet as an assistant minister for Finance and Development Planning in 2004.

The alumnus of the University of Botswana earned his Bachelor’s Degree in humanities in 1985.

Prior to joining politics, he served as a teacher and was promoted to a deputy secondary school head.

A passionate farmer, Mr Tsogwane enjoys playing and watching football and exercising in the gym.

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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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