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New 21-member cabinet commissioned to battle Economic crisis in Sudan.

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Sudan’s new 21-member cabinet will be sworn in on Friday and will be hard pressed to deal with a growing economic crisis.

Sudan has been grappling with an acute foreign exchange shortage and inflation above 65 percent for several months, prompting Bashir on Sunday to sack his 31-member cabinet to “fix the situation”.



The ruling National Congress Party (NCP), in a late meeting Thursday, approved the ministers chosen by Prime Minister Moutaz Mousa Abdallah, who had been tasked with forming a new government after he himself was sworn in on Monday.

The executive bureau of NCP approved the nominated people from the party to take their positions as ministers,” Faisal Hassan Ibrahim, a top aide to Bashir, told reporters after the party meeting.

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Sudan’s president Omar al-Bashir sacked the previous government last week and is expected to chair the first meeting for the new team on Sunday.

The cabinet is due to be sworn in on Friday, and is scheduled to hold its first meeting on Sunday.

Several ministers from the previous government were retained in the new, smaller cabinet.

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The ministers of foreign and oil were also retained from the previous government. They had been appointed to their posts just months ago following an earlier cabinet reshuffle.

The authorities swiftly moved in, arresting several activists and opposition leaders.

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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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