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Presidents of Ethiopia, Eritrea in South Sudan to strengthen relationship.

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Ethiopian Prime Minister, Abiy Ahmed and Eritrean President Isaias Afwerki are in South Sudan on an official visit.

The two departed from Asmara International Airport on Monday morning and have arrived in Juba to bolster existing ties between their countries.

Abiy had visited Asmara on Sunday along with Kenyan president Uhuru Kenyatta.



Office of the Prime Minister said the discussions were to be centered on regional peace, economic ties and infrastructure development.

In addition they will also be addressing issues of developing joint capacities and working together in an integrated manner,” the office said in a social media post.

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South Sudan president Salva Kiir who was on a tour of one of the country’s northwestern Bahr el Ghazal state cut short his trip to meet with the visiting leaders.

Some engagements slated for the trio include a tripartite meeting in the morning. A joint press statement is expected to be issued. Abiy and Afwerki will depart later in the day.

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Ethiopia has traditionally played a key role in seeking to return South Sudan to peace after a protracted civil war ravaged Africa’s youngest nation.

Eritrea on its part has promised to support South Sudan in its nation building effort. Kiir visited Eritrea last year on invitation of President Afwerki.

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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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