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Ethiopia’s Abiy Ahmed on a two day visit to Uganda, Egypt

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Ethiopia’s prime minister, Abiy Ahmed has started a two day state visit to Uganda, from where he will head to Egypt for talks that will include the Nile Basin dynamics, regional security and trade.

Abiy, who was received by president Yoweri Museveni, will preside over Uganda’s National Heroes’ Day celebrations on Saturday.



The government of Uganda earlier this week announced that he will be honored with the Most Excellent Order of the Pearl of Africa – The Grand Master medal, the highest honor for a head of state.

Authorities in Uganda said bilateral trade between the two countries stands at $1 million, and the two leaders will be seeking ways to enhance bilateral cooperation frameworks.

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Abiy will then head to Cairo where he is expected to meet president Abdel Fatah el Sisi, and the two leaders will discuss the controversial Grand Ethiopian Renaissance Dam that has caused concern in Egypt.

Abiy’s two legged visit out of Ethiopia comes in the wake of a week of drastic reforms including the lifting of the state of emergency, announcements that Ethiopia will partially liberalise the economy and acceptance of the 2000 Algiers Agreement that potentially ends conflict with Eritrea.

On Thursday, the 41 year old former intelligence office also made some key personnel changes in the country’s security sector, appointing a new army chief of staff and replacing the director of national intelligence and security services.

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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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