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Young African countries supports IGAD peace deal potency.

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The leaders of Ethiopia and South Sudan have agreed that the peace process mediated by regional body, Inter Governmental Authority on Development (IGAD), offers a viable chance to end conflict in Africa’s youngest nation.

During a meeting held in Ethiopia’s capital Addis Ababa, Abiy Ahmed and president Salva Kiir discussed regional peace and stability.



Ethiopia’s prime minister is the chair of the regional body which is pursuing an agreemnt between South Sudan’s government and rebel groups.

Last week, the second phase of the High Level Revitalisation Forum, a stage of the peace process, ended without an agreement in Addis Ababa.

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

The United States this week proposed that the United Nations Security Council impose sanctions against several South Sudanese ministers and officials, accusing them of obstructing peace efforts and blocking humanitarian assistance to civilians.

The measures would freeze the assets and ban travel for officials including defense minister Kuol Manyang Juuk, former army chief Paul Malong, information minister Michael Lueth, and deputy chief of defense for logistics in the South Sudan Army Malek Reuben Riak Rengu.

It also targets Koang Rambang, governor of Bieh State, who the United States accused of leading military attacks and obstructing aid to civilians; and cabinet affairs minister Martin Elia Lomuro.

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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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