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DR Congo experience first peaceful transfer of power.

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The first peaceful transfer of political power in the Democratic Republic of Congo’s took place in the capital, Kinshasa, on Thursday January 24.



Felix Tshisekedi took his oath of office in the presence of thousands of Congolese at the Palais de Nations. The oath was administered by head of the Constitutional Court.

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Immediate past president Joseph Kabila later handed over the flag and consitution of the country to Tshisekedi as both men shared an embrace amid smiles and cheers from attendees present.

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The 56-year-old becomes the fifth president of the country.

DRC since independence from Belgium in 1960 have had Joseph Kasavubu, Mobutu Sese Seko, Laurent and Joseph Kabila serving in the role.

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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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