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South African ANC alledge Zuma of war against economic reforms.

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South Africa’s former leader Jacob Zuma is impeding a crackdown on corruption by the ruling African National Congress (ANC) under President Cyril Ramaphosa, the head of the communist party said.

The ANC has become increasingly divided since Zuma was ousted by Ramaphosa’s faction in February.



Many of Zuma’s allies remain in top party positions and analysts say they may try to block Ramaphosa’s reform programme which is aimed at boosting economic growth and investment.

Blade Nzimande said the ANC had done much to tackle the “looting of public resources” rife under Zuma but allies of the former leader were trying to disrupt progress.

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“In many ways, former president Zuma is at the heart of this fightback, together with a group of discredited individuals,” Monday’s The Star newspaper quoted Nzimande, who is also minister of transport, as saying.

The South African Communist Party is in an alliance with the ANC and the country’s biggest union group.

Zuma has pledged to stick with the ANC and distanced himself from talks about the formation of an alternative party by his supporters in his home province of KwaZulu-Natal.

“Comrade JZ (Zuma) must distance himself far from that. It’s not enough for him to say what I was taught by the ANC, I’ll never leave the ANC,” Nzimande said.

Reuters could not reach Zuma or Nzimande for comment.

Zuma is due in court on Friday to face corruption charges relating to a $2.5 billion arms deal. Zuma says he is innocent.

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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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