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French President Macron to host stakeholders on Libya crisis

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Macron

Libya stakeholders have been invited by the French President Emmanuel Macron to the Elysée palace in Paris on Tuesday for an international conference that aims to pave the way for elections that could be held in Libya by the end of 2018.

According to the French President’s office, the aim of this meeting to be held under the auspices of the United Nations, is to “to engage in the implementation of an inclusive political roadmap for a way out of the crisis that has affected the country and the region for many years.’‘ said Radio France Internationale.

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Macron will host the four main rival leaders of Libya including Fayez al-Sarraj, Khalifa Haftar, Aguila Salah and Khaled al-Mishri.

The report said the parties have agreed to sign a declaration that “sets the framework for a political process” that provides for the holding of legislative and presidential elections, if possible by the end of the year.

This commitment will be made in the presence of representatives of 19 countries that includes the five members of the UN Security Council, Italy, neighbouring countries Egypt, Tunisia, Chad and regional powers the UAE, Qatar, Kuwait, Turkey, Algeria and Morocco.

Congolese President Denis Sassou-Nguesso, who heads the African Union’s high-level committee on Libya, will be present alongside the head of the UN mission for Libya, Ghassan Salamé.

Libya has been in a political turmoil since the demise of the late leader Col Muammar Gaddafi.

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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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