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South Sudan peace talks end in deadlock.

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Talks in Ethiopia to revive South Sudan’s failed 2015 peace pact and end the country’s civil war broke up on Wednesday without a deal, mediators said, potentially prolonging a conflict that has killed tens of thousands of people and displaced millions.

Regional grouping IGAD has been helping to mediate and get South Sudan’s warring parties to agree again on power sharing and security arrangements, crucial steps for recommiting to the 2015 agreement and ending the war.



In a statement IGAD said the talks ended on Wednesday after “several attempts to narrow the gaps between the positions of the parties” proved fruitless.

South Sudan plunged into war in December 2013, barely two years after independence from Sudan, after a disagreement between President Salva Kiir and his former deputy Riek Machar deteriorated into a military confrontation.

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Tens of thousands have been killed by the fighting between troops loyal to Kiir and forces loyal to Machar. The conflict has also left a quarter of the country’s population of 12 million either internally displaced or as refugees in neighbouring countries.

IGAD’s statement did not mention on which issues the two sides had failed to reach agreement but encouraged them to consider the group’s proposals, which “reflect a considered effort to identify common ground between the different negotiating positions.”

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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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