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Uhuru Kenyatta: nine Kenyan soldiers killed by al Shabaab.

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The Islamist militant group al Shabaab has killed nine Kenyan soldiers in Somalia, Kenyan President Uhuru Kenyatta said on Monday.

The president’s office offered no other details on the incident that led to the soldiers’ deaths.



“Earlier today, I was appalled and saddened to learn that we had lost nine young patriots to a cowardly terrorist attack in Somalia,” Kenyatta said in a statement.

A military source with knowledge of the incident said the soldiers had been killed by an improvised explosive device in Dobley on Sunday afternoon.

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Al Shabaab is fighting to topple Somalia’s central government and establish its own rule based on its strict interpretation of Islamic law.

The group also conducts frequent assaults in Kenya, mostly in the region bordering Somalia, to put pressure on the Kenyan government to withdraw its peacekeeping troops from Somalia.

Kenya forms part of the African Union force AMISOM, which is defending Somalia’s government against al Shabaab.

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REUTERS

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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