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DR Congo: Army, Rebels clashes leave 15 dead.

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Fifteen people have been killed in eastern DR Congo in clashes between troops and rebels loyal to a former general, the army said Monday.

It said the fighting was continuing Monday in Fizi, a region of South Kivu, a mineral-rich province which is prone to ethnic tensions.



The unrest is another front in the push by rebels to oust President Joseph Kabila as the poverty-stricken Democratic Republic of Congo limps towards a much-delayed presidential election slated for December 23.

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“The rebels have already lost 12 fighters, including the commander Alida,” the deputy head of the rebels, an army spokesman in the region, Captain Dieudonne Kaserek, told reporters.

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Three soldiers drowned in a river with their weapons,” he added.

The clashes pit the army against rebels loyal to a former army general, William Amuri Yakutumba, opposed to Kabila.

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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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