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Today in History: 1994-Fire kills 103 people in Honduras prison.

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Here are Five Major events that took place on this day, the seventeenth day in the month of May, many years and decades back.

1814 – Denmark cedes Norway to Sweden.

1 May

1940 – Germany occupies Brussels, Belgium and begins the invasion of France.

2 May

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1987 – In the Persian Gulf the American guided missile frigate USS Stark is struck by 2 Exocet missiles fired by an Iraqi aircraft; only one detonates, but 37 sailors are killed and 21 are wounded. Whether the launch was deliberate or a mistake is still debated.

3 May

1994 – Fire in an overcrowded Honduras prison kills 103 people

4 May

2004 – First legal same-sex marriage performed in Massachusetts

5 May

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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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