page contents
Connect with us

Motherland News

Illegal logging threatens DR Congo forests.

Published

on

The Democratic Republic of Congo, one of the “green lungs” of the planet, is threatened by illegal logging, says Tuesday the NGO Global Witness which asks timber importing countries including France to take measures.

“It is not surprising that the law is flouted in the DRC, but it is shocking that France does so little to stop its imports of illegally harvested timber,” denounced a Jules Caron NGOofficial in a report.



The NGO claims to have investigated Norsudtimber’s activities in the DRC for two years. This Liechtenstein-based company operates forest concessions as large as Switzerland (40,000 km2) and controlled nearly 60% of the timber trade in this country in 2017, according to the NGO.

The NGO is asking the French Development Agency (AFD) to cancel an 18 million dollar programme over four years that would “go against climate and forest protection objectives” and “amount to supporting companies that emit CO2 and do not respect the law (such as Norsudtimber)”.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

“For several years, this NGO has been attacking AFD for a programme designed with the Congolese authorities to improve governance in the forestry sector,” replied AFD, which was joined by AFP in Kinshasa.

The DRC is home to 60% of the Congo Basin forest, one of the last “lungs” of the planet.

The NGO Greenpeace believes that its deforestation would threaten the fight against global warming by releasing carbon dioxide stored in large quantities in the peat bogs of tropical forests.

A team of Global Witness observers was expelled from DRC in 2016 while investigating a logging site in Norsudtimber, the NGO said in its report.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE
WATCH FREE MOBILE TV CHANNELS HERE

Business

Absa became the new competitor on the Ethiopia market.

Published

on

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.

IMG-20180912-WA0030

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.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

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.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE

PROMOTE YOUR BUSINESS FOR JUST $1 CLICK HERE

Continue Reading

Motherland News

Black box of the Ethiopian Airline Crash recovered.

Published

on

The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



IMG-20180912-WA0030

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.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE

PROMOTE YOUR BUSINESS FOR JUST $1 CLICK HERE

Continue Reading

Facebook

Advertisement
Flag Counter
Advertisement

Trending

Copyright © 2018 Anttention Media. All rights reserved