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America banned OMN open in Ethiopia.

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US-based Oromo Media Network (OMN), which was banned for inciting violence and promoting terrorism, has opened an office in Ethiopia, the privately owned Addis Standard website reports.

The development follows the weekend announcement by Ethiopia’s government that 264 media outlets including websites, bloggers and TV channels, OMN inclusive, would have their access restored in line with ongoing reforms.



“Oromo Media Network, which was facing terrorism charges until recently, has inaugurated its office in AddisAbaba today,”

Minnesota-based OMN was banned in Ethiopia in February 2017 after the government said it belonged to “terrorist” organisations, but the ban was lifted last month as part of reforms being undertaken by Prime Minister Abiy Ahmed.

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In May, Ethiopia’s attorney general dropped charges against OMN, and its executive director, Jawar Mohammed.

Addis Standard also reported that following the inauguration of the OMN office in Ethiopia, its director, who is also a prominent Oromo activist, would be travelling back to Ethiopia on August 06, 2018.

Several other critics of the previous administration including opposition politicians have announced intentions to return home, saying they are encouraged by ongoing reforms championed by the new prime minister.

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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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