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Blast kills 31 people in northeast Nigerian state of Borno – residents

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Security

The residents, who were among those who counted the dead, said the blasts occurred in the Damboa local government area in the south of the state, on Saturday around 8:30 p.m. (1930 GMT). Witnesses spoke of at least one rocket attack.

Borno is the state worst hit by the insurgency, aimed at creating an Islamic caliphate in northeast Nigeria, which has killed more than 30,000 people and forced over 2 million to flee their homes since 2009.

The blasts occurred in the Shuwari and Abachari districts of the local government area, which is about 90 km (55 miles) from state capital Maiduguri.

“It has destroyed our houses. We have also counted 31 innocent people including children and elderly killed in the attack,” said local resident Modu Usman, son of a community leader. Nobody had claimed responsibility for the blasts.

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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