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Over 900 migrants picked up off Coast of Libya.

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Libya’s coastguard picked up 490 migrants off the coast of Tripoli on Sunday in the third rescue operation of the day.

Rami Ghameed, the commander of the Ras Ajdir ship which picked up the migrants, said that throughout the day, a number of coastguard ships across the country’s waters picked up a little over nine hundred migrants from a total of six rubber dinghies.



‘‘There were a total of six rubber boats, two were rescued by (the Libyan coastguard’s) central sector, the Ras Ajdir ship rescued three of the boats, and the Sabratha (coastguard) ship rescued one boat. The Sabratha ship is on its way to Tripoli’s naval base.

The number of those rescued on the boats picked up by the central sector was around 361 people, and this ship, the Ras Ajdir, picked up around 490 people’‘, Ghameed said.

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Sunday’s rescue operations brought the total number of migrants trying to reach Europe, but taken back to Libya, to well over 1,000 since last week alone.

Libya’s western coast is the main departure point for migrants fleeing wars and poverty and trying to reach Europe.

The number of crossings has sharply dropped since July 2017 due to a more active coastguard presence with support from the European Union.

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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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