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  • Singapore signed an avoidance of double taxation agreement with Ethiopia

    Singapore on Wednesday (Aug 24) inked bilateral tax, investment and air services agreements with Ethiopia, Mozambique and Nigeria at the Africa Singapore Business Forum (ASBF). International Enterprise (IE) Singapore also announced at the forum the establishment of its third overseas centre in Africa. Due to open in Nairobi, Kenya in 2017, the centre will give Singapore companies access to the fast-growing East Africa region.

    Singapore's Minister for Trade and Industry (Industry) S Iswaran signed an avoidance of double taxation agreement with Ethiopia, an investment treaty with Mozambique and an air services agreement with Nigeria.

    The bilateral agreements are expected to clarify the taxing rights of the signatory countries on all forms of income flows arising from cross-border business activities, create greater confidence for investors, and facilitate people-to-people flows.

    In a joint statement issued by the Ministries of Trade and Industry, Finance and Transport, Mr Iswaran said Singapore companies must venture beyond traditional overseas markets to seize opportunities in untapped countries in regions such as Africa.

    "Ethiopia, Mozambique and Nigeria are three fast-growing African economies and the agreements signed today signify commitment on the part of Singapore and the respective African governments to support trade, tourism and investment between our countries," he said.

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  • Ethiopia’s Rio team arrives back home

    An Ethiopia delegation who travelled to Brazil to participate at the Rio Olympics arrived back home yesterday. The delegation was received by senior government officials, including Redwan Hussein, Minister of Youth and Sports, at Bole International Airport.

    Ethiopia participated in cycling, swimming and athletics events at the 31st Rio Olympics.

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  • Kenya Supports Tedros Adhanom’s Campaign for WHO Leadership

    Kenya appears to have thrown its weight behind Ethiopia's candidate for the position of executive director of the World Health Organisation. Ethiopia's Minister of Foreign Affairs Tedros Adhanom Ghebreyesus is the only African vying to head the WHO.

    On Monday, Health CS Cleopa Mailu held private discussions with Tedros in Addis Ababa during the just-ended WHO's regional meeting on implementation of the universal health coverage. Tedros said if appointed, he will work closely with Kenya to learn how homegrown solutions have transformed healthcare in Kenya and how they can be replicated in the rest of the region.
    He also promised to make Africa his priority.

    “As the former Minster of Health in Ethiopia he understands the regions diseases burden,” said a statement from Kenya's Ministry of Health. Mailu told Tedros to help African countries gain more control of their health agenda through domestic financing. Tedros would be the first African to head the global health body.

    In January, the African Union Assembly of Heads of State and Government endorsed him as the sole candidate from Africa.

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  • Athelet Feyisa will get hero’s welcome, government official

    The Olympic runner from Ethiopia who defiantly made an anti-government gesture at the finish line of the men’s marathon Sunday will receive a “heroic welcome” and not face prosecution, a government spokesman said Monday.

    Feyisa Lilesa crossed his arms above his head to draw attention to deadly protests in Oromia, his home region in Ethiopia, as he secured his second-place win at the end of the event of the Rio 2016 Olympic Games, the Associated Press reported. He told reporters that he may be killed or imprisoned if he ever returns home, where protesting is “very dangerous.”

    “If I go back to Ethiopia, the government will kill me,” Lilesa told Sports Illustrated. “If not, they will charge me. After that, if they not charge, they will block in the airport in immigration. I want to move to another country and try to go to another country.”

    Ethiopia’s Communications Minister Getachew Reda told CNN that Lilesa is an “Ethiopian hero” who “shouldn’t at all be worried” to return to his home country. “I can assure you nothing is going to happen to his family nothing is going to happen to him,” Reda said. 

    CNN, Awramba

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