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Ethiopian govt moves to apprehend killers of Dangote Cement CM.

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Authorities in Ethiopia are investigating circumstances under which the country manager of Dangote cement was killed by unknown assailants on Wednesday.

According to a statement the Command Post established to oversee the implementation of the State of Emergency, Deep Kamara was killed along with two other individuals in the afternoon attack.



The Command Post which is currently hunting for the attackers, called on the local community to cooperate with security forces to help apprehend the criminals.

The Dangote cement plant, the largest in Ethiopia, is located in the Oromiya regional state, less than 90km from the capital, Addis Ababa.

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In the 2016 – 2017 protests, trucks belonging to Dangote Cement were torched by protesters, but a reconciliation ceremony had been organised in September 2017, which was attended by hundreds of locals.

Ethiopian online portal, Addis Standard reported that discussions between the locals and the cement plant had been held last week, on issues related to the working relationship of the locals at the factory.

The portal also reported that Aliko Dangote, owner of the Nigerian headquartered cement manufacturer, Dangote Cement, is expected to arrive in Addis Ababa to hold an emergency meeting with the management of the plant in the country.

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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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