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UK joins U.S in warning Citizens against visit to Northeastern Mozambique.

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Britain advised citizens on Tuesday against travelling to an area in northeastern Mozambique after a series of attacks by groups with links to Islamic militants.

At least 17 people have been killed – 10 of them beheaded since May in the town of Palma, near the Tanzanian border. The UK joins the United States in issuing a warning about the attacks.



“The Foreign and Commonwealth Office advise against all but essential travel to the districts of Palma, Mocimboa de Praia and Macomia in Cabo Delgado province due to an increase in attacks by groups with links to Islamic extremism.

Palma is near one of the world’s biggest untapped offshore gas fields, and Anadarko Petroleum is seeking to raise $14 billion to $15 billion for a liquefied natural gas project in the region.

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The company has said it was monitoring the situation. It declined to comment on reports that it has suspended work on its project.

Canada-based Wentworth Resources said the security situation was part of the reason it sought a one-year extension for its appraisal license in the region.

“This has prevented safe access to the area for Wentworth staff and contractors. The Company continues to monitor the situation closely,” it said in statement posted on its website.

Six men wielding machetes killed at least seven people and injured four others this month in the predominantly Muslim region. Ten people were beheaded last month, and local media reported at least two were children.

Mozambique has not been a focal point of Islamist militant activity in the past and police have been reluctant to ascribe the attacks to Islamists. About 30 percent of Mozambique’s 30 million people are Roman Catholics; about 18 percent are Muslim.

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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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