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Ethiopia: Government to continue talks with exiled opposition party

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Ethiopia

The Ethiopian government is due to meet with leadership of an exiled opposition party for further political talks, chief of staff of the Prime Minister Abiy Ahmed confirmed on Tuesday.

According to Fitsum Arega, leadership of the Oromo Democratic Front (ODF) were due to arrive in the capital Addis Ababa today for talks which he said were “to promote sustainable peace consistent with the Ethiopian constitution.” He added that the government was encouraging other political entities to follow suit.

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ODF had confirmed in a May 13, 2018 statement that it had reached an agreement with the government after talks at an undisclosed location to return to the country to partake in the democratic process.

ODF said at the time that a team from its end had met a high-level delegation from government and that it was due to dispatch a delegation to Addis Ababa for further talks.

Media reports indicate that the delegation is led by its leader Lencho Leta. The Addis Standard portal said Leta is accompanied by his deputy Dima Negewo; Foreign relations head Hassen Hussein & PR head Lencho Bati.

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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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