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  • HomeSend, Mastercard aim to transform the $3bn remittance industry in Ethiopia

    Remittance service launched with CBE signals evolution of Ethiopian payment ecosystem

    Addis Ababa, Ethiopia – September 21, 2016 – HomeSend and the Commercial Bank of Ethiopia (CBE) today announced a new remittance service at the US-Africa Business Forum, that will allow more than 100 million Ethiopians to send funds directly to any mobile number in the East African country.

    Launched in 2014, HomeSend is a joint venture of Mastercard, eServGlobal and BICS that enables business to business cross-border and cross-network transfers. Consumers can send money to and from mobile money accounts, payment cards, bank accounts or cash outlets, regardless of their location or that of the recipient. It is free for receivers and is accessible to anyone with a mobile number, and empowers the sender to transfer funds at a low cost through the HomeSend secure network of money transfer operators and banks.

    HomeSend will be available in Ethiopia before the end of the year, says Bekalu Zeleke, President of CBE. “At the CBE, we believe that embracing technology is integral to bringing the best possible service to our customers. HomeSend is an example of how, when working with the right partner, like Mastercard, a financial institution can improve the lives of its customers.”

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  • BBC Refugee crisis: Plan to create 100,000 jobs in Ethiopia

     

    Britain, the European Union and the World Bank have announced a plan to create 100,000 jobs in Ethiopia to help tackle the migrant crisis.

    Two industrial parks will be built in the country at a cost of $500m (£385m).

    Ethiopia, which proposed the plan, will be required to grant employment rights to 30,000 refugees.

    UK Prime Minister Theresa May said the project would be a model for how to support poorer countries housing large numbers of migrants.

    Ethiopia hosts more than 700,000 asylum seekers, mainly from South Sudan, Eritrea and Somalia.

    South Sudan refugees reach one million mark

    The deal, which was announced on Wednesday at the UN summit on refugees in New York, will be funded by loans from the European Investment Bank (EIB) and grants from the UK and the World Bank.

    As part of the agreement Ethiopia will grant refugees employment rights, which many currently do not have.

    A number of the new positions will be reserved for Ethiopia's growing number of young jobseekers.

     

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  • A Young Ethiopian girl killed in a random Shooting

     

    A Young Ethiopian girl killed in a random Shooting.

     

    (Sept. 17/2016) Philadelphia: - Sara Beyan, 27, was sitting in a car with her boyfriend last Friday night, when a man came and shoot them multiple times. 

     

    Police said that, the shooter, named Glenn, was chased by a police car after he also shot a police officer in west Philadelphia. While he was running, he just stops and shoots to Sara Beyan and her boyfriend, who happen to be on the wrong place, wrong time. Sara's family came to the US from Ethiopia 25 years ago. Her father, Beyan Salah works for a parking company and her Mother Zehara Seid works as a house keeper in the university of Philadelphia.

    Sara was studying fashion design in a community College. Her boyfriend, whose name is not released, is in critical condition. Her father Beyan Salah said that he heard the shot, but he didnt expect it was for his daughter. R.I.P

    Source: Admas News

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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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  • 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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