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Ivory Coast president declares himself eligible for third term.

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Ivory Coast President Alassane Ouattara said he is free to stand for a third term in the 2020 presidential election under the country’s new constitution, according to an interview in this week’s edition of French magazine Jeune Afrique.

This is the first time Ouattara, who was first elected in a 2010 election that sparked a brief civil war, has made the claim, which will anger his political foes.



“The new constitution authorizes me to serve two terms starting in 2020,” Ouattara, 76, told Jeune Afrique, implying that his two election wins under the old constitution would not count against the new constitution’s two-term limit.

Prospective successors have been jockeying for political position ahead of the 2020 election, threatening to break apart Ouattara’s governing coalition and raising fears the country could experience renewed civil conflict.

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The presidents of other African countries, including Rwanda and Congo Republic, have altered their constitutions in recent years to get around term limits, but Ouattara had previously promised to step down in 2020.

Under Ouattara, Ivory Coast, the world’s top cocoa producer, has routinely recorded some of the highest economic growth rates in Africa on the back of record cocoa production and investments in infrastructure and services.

But historical divisions based on ethnicity, land and religion have not healed and a string of army mutinies and public sector strikes have taken some of the shine off the country’s economic successes.

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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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