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Today in History: Huge earthquake hits Chile this day 1960

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Eartquate

Today the twenty first day of the fifth month, we present to you the past events that took place years back.

1790 – Paris is divided into 48 zones.

Paris

1901 – Connecticut becomes the first state to pass a law regulating motor vehicles, limiting their speed to 12 mph in cities and 15 mph on country roads

2 May

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1927 – Charles Lindbergh lands in Paris completing the first solo air crossing of the Atlantic.

3 May

1960 – Huge earthquake hits Chile

4 May

1991 – In Madras, India, a suicide bomber kills the former Prime Minister, Rajiv Gandhi.

5 May

1999 – Soap star Susan Lucci wins first Emmy after 19 nominations

6 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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