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United States to reinstate diplomatic presence in Somalia.

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The United States will re-establish a permanent diplomatic presence in Somalia, nearly 30 years after the U.S. embassy was closed as a civil war raged in the Horn of Africa country.

Somalia has been trying to recover from the conflict that engulfed the country in 1991, when clan warlords overthrew a dictator and then turned on each other.



“This historic event reflects Somalia’s progress in recent years and is another step forward in formalizing U.S. diplomatic engagement in Mogadishu,” the State Department said in a statement late on Tuesday.

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Somalia has in recent years faced an insurgency by the al Qaeda-linked al Shabaab militant group, as well as famine and maritime piracy.

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While parts of the country are plagued by militant violence, a degree of stability in the capital, Mogadishu, has drawn investment from Somalis at home and abroad.

In September, the World Bank approved $80 million in grants to Somalia to fund public finance reforms, the first disbursement to the country in 30 years.

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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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