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Civil servants ban from foreign trips in Equatorial Guinea

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Guinea

Civil servants in Equatorial Guinea have been banned from making foreign trips without authorisation from Vice President Teodorin Nguema Obiang, several of them said on Tuesday.

An official at the National Institute of Social Security, Juan Mbo, whose account was confirmed by other state employees, said that he couldn’t travel without this authorisation.

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Obiang, who is also in charge of defence and security, sent a note dated June 13 to the prime minister and minister of national security.

“All authorisations for travel that have been approved for members of government, senior officials and general civil servants and which have yet to be used must be returned… (for) confirmation” by the vice presidency, it said.

It also asks for the note to distributed to all ministries, police stations, airports and ports.
The measure applies both to official and personal travel.

The reason for the ban has not been revealed, although it comes on the heels of a crackdown following an attempted coup last December.

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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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