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Landslide kills at least 32 in Ethiopia

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landslide

Landslides caused by heavy rain killed at least 32 people in southern Ethiopia over the weekend, the government said on Monday.

The Government Communication Affairs Office (GCAO) said nine people died in the Gamo Gofa zone, with 17 injured.



The state-affiliated Fana Broadcast Corporate on Sunday reported that 23 people were killed in a landslide in the Sidama zone.

Six people were badly injured, Fana reported.

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Countries across the Horn of Africa have recently struggled to cope with heavy rains.

Last week, flooding and strong winds caused by Cyclone Sagar killed at least 25 people in Djibouti and Somaliland, while heavy flooding left 21 dead in Somalia, according to the UN’s humanitarian coordinator OCHA.

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AFP

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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