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15 dead, dozens injured in Kenyan capital market fire.

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Fifteen people died and dozens were injured when fire swept through a market in the Kenyan capital Nairobi in the early hours of Thursday, an official said.

Emergency service St John Ambulance said the blaze broke out at 2:30 a.m. and spread to apartments and several shanties before being contained around 90 minutes later.



Nairobi regional coordinator Kangethe Thuku said the death toll had reached 15.

“About five… arrived dead in the hospital but we still have about nine bodies in the burning buildings because we want to confirm and ensure the safety of those buildings,”

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A 15th victim was taken to a different hospital, he said, adding that 70 people were injured.

A photographer saw bodies being brought out from a building., and pictures showed people sifting through ashen wreckage as smoke rose from the site.

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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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