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Eritrean delegation to visit Addis Abba for peace talk.

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A delegation from Eritrea will arrive in Addis Ababa this week as Ethiopia’s prime minister appea

A delegation from Eritrea will arrive in Addis Ababa this week as Ethiopia’s prime minister appears ready to resolve one of Africa’s most intractable military stand-offs.



Eritrea fought a border war with its larger neighbour in 1998-2000 that killed about 70,000 people, and disputes still remain over the still-militarised frontier, in particular the town of Badme.

Ethiopian Prime Minister Abiy Ahmed, who has outlined a series of radical reforms since taking office in April, made a surprising pledge this month to honour all the terms of a peace deal that ended the conflict.

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Abiy, who was at a rally hit by a grenade attackgrenade attack on Saturday, said earlier this month he was prepared to honour international rulings that put Badme, which Ethiopia has refused to cede, in Eritrea.

On Monday, an Ethiopian Foreign Affairs ministry spokesman said representatives from the neighbouring Horn of Africa nation would arrive in Addis Ababa this week.

“A delegation from Eritrea will arrive in Addis Ababa this week,” he told Reuters.

Eritrean President Isaias Afwerki raised hopes of a breakthrough last week by describing the recent peace overtures from Abiy as “positive signals”.

Eritrea gained independence from Ethiopia in 1991 after decades of guerrilla struggle.

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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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