Toronto man who won $10M in lottery dies under mysterious circumstances in Ethiopia | CBC News

via Toronto man who won $10M in lottery dies under mysterious circumstances in Ethiopia | CBC News

A Canadian man whose fortunes changed overnight two years ago when he went from being laid off to becoming a multimillionaire has died in Ethiopia, Global Affairs Canada has confirmed.

Michael Gebru, 41, died under mysterious circumstances in his home country, his cousin Sosuna Asefaw told CBC News.

In 2017 Gebru, who had recently been laid off at an assembly plant, checked a lottery ticket, thinking he’d won about $14. But he’d actually won $10.7 million.

“I’ve always said that if I won the lottery, I’d help people in need,” the Scarborough, Ont., man told CBC News at the time.

That’s precisely what he did, his cousin told CBC News. Ever since winning, Gebru had travelled between Toronto and Ethiopia, hoping to make a difference with his newfound wealth.

“Going back home, he just wanted to do more for our country,” Asefaw said.

Asefaw says Gebru had just flown to Ethiopia a couple of weeks ago and had been visiting the area where he grew up, when something went awry.

The circumstances of Gebru’s death are still being investigated, she says, but the family has heard that he was killed Saturday night.

The family is appealing to the Canadian Embassy in Ethiopia for help, saying they’ve heard little from local police.

“I don’t know exactly what happened,” Asefaw said. “Everyone knew who he was in Toronto and everyone knew back home, because it’s a big thing … He didn’t grow up with much.”

In a statement to CBC News, Global Affairs Canada said, “Our thoughts and sympathies are with the family of a Canadian citizen who died in Ethiopia. Consular services are being provided to the family.”

Spokesperson Angela Savard said the department could not provide further information, citing the Privacy Act.

Ethiopia releases Lebanese businessman held since last week – The Washington Post

via Ethiopia releases Lebanese businessman held since last week – The Washington Post

September 15 at 11:08 AM

BEIRUT — The Lebanese Foreign Ministry says Ethiopia has released a Lebanese businessman who had been detained in the African nation since last week.

The ministry said Sunday that Hassan Jaber will head from Ethiopia to the African nation of Gabon and later will return to Lebanon.

On Friday, the ministry had summoned Ethiopia’s charge d’affaires demanding information about Jaber, whom it said was detained in Addis Ababa on Sept. 7.

It informed the Ethiopian diplomat that Beirut wants “clear answers” by Monday, otherwise Lebanon would take countermeasures.

Some Lebanese media outlets have speculated that Israel or the United States might have been behind Jaber’s arrest.

The ministry did not give any explanation why Jaber was held in Ethiopia.

Law firm Bowmans expands into Mauritius and Ethiopia | AFRICAN MARKETS

via Law firm Bowmans expands into Mauritius and Ethiopia | AFRICAN MARKETS

African law firm Bowmans has announced that it is expanding into Mauritius and Ethiopia, enabling it to unlock more opportunities for its clients and contacts on the African continent.

Robert Legh, chairman and senior partner, says ‘This move, which is effective from 1 October 2019, is an investment in the ambitions and success of our clients across Africa. Mauritius and Ethiopia are key jurisdictions for many of our clients and our presence on the ground there will help us to better support them.

Bowmans is opening a fully-fledged office in Mauritius, having joined forces with FirmWise, a local firm that specialises in corporate law, mergers and acquisitions, banking and finance, investment funds, tax, compliance and private equity.

This development will benefit our clients as Mauritius is increasingly positioning itself as a recognised international financial centre, and has favourable laws for foreign investors to establish their African headquarters prior to expanding further on the continent,’ says Legh.

The new office, to be known as Bowmans (Mauritius) Ltd, will be a fully integrated part of Bowmans, composed of a team of six lawyers led by managing partner Fazil Hossenkhan, who founded FirmWise and is well known as a private equity funds lawyer, and Shianee Calcutteea, a partner specialising in corporate and M&A work. Their initial focus will be on assisting private equity and other corporate clients in their Mauritius setup and on structuring their investments around Africa, as well as on banking and finance transactions.

Commenting on the decision to join Bowmans, Hossenkhan says the firm has an impressive reputation. ‘We are proud to become part of a recognised leader on the continent and to work alongside them on the complex, challenging legal work for which Bowmans is known. It presents a unique opportunity by which we can significantly build upon our service offering to our clients.

In Ethiopia, which is steadily liberalising its economy and attracting interest from investors worldwide, Bowmans has formed a formal alliance with Aman Assefa & Associates Law Office. 

Ethiopia is a vibrant and burgeoning market – it is now one of the fastest growing economies in the world, offering significant opportunities to our client base. The great advantage of this alliance from our perspective is that we will have a close tie-up and formal alliance with one of the few high-quality corporate law firms available there,’ says Legh. ‘Given the nature of the legal advisory market in Ethiopia, it makes sense, at this stage, to work closely together under a formal arrangement.

Aman Assefa, managing partner of Aman Assefa & Associates Law Office, which specialises in high-end corporate and transactional legal matters, says there are numerous benefits in working with a recognised African law firm of Bowmans’ calibre. ‘The arrangement we have entered into with Bowmans allows both firms to remain open to adaptation in the face of an evolving market in Ethiopia.  For us it signals our intention to be part of the international community offering world-class legal services in Ethiopia.’

As a result of these developments, the Bowmans brand is now present in six key African countries: Ethiopia, Kenya, Mauritius, South Africa, Tanzania and Uganda. The firm expects that business will continue to grow in all of these markets as its clients take advantage of the growth opportunities which are available.

We are very excited to have formally expanded into Mauritius and Ethiopia,’ says Legh. ‘We see this as another step towards achieving our vision of being the pre-eminent African law firm, supporting our clients and our people, as they seek to unlock opportunity, overcome challenges and realise the hopes that will shape the future of Africa.’

Federations and Second Chambers

Federations and Second Chambers

[Taken from   FEDERALIAM TEACHING MATERIAL( JLSRI)  by Dr. Assefa Fissha]

…It  is  argued  that  a  second chamber based on a different composition and representing the interests of states, more specifically  less populous states, is an  institution that reflects the normative diversity  inherent  in  federalism.  It  is  also suggested  that  second  chambers reflecting  the  entrenched  representation  of  the  states  distinguishes  federations from  other  types  of  polities.  This  chapter,  comparative  in  its  approach, commences by considering  the underlying  rationale  for having second chambers and then proceeds to their manner of composition, election and more importantly,
the powers entrusted upon them by their respective constitutions. The main point that the author develops is the idea that the Ethiopian Constitution, by establishing a  non-legislative  upper  house,  runs  the  risk  of  concentration  of  power  at  the center, to the exclusion of the states, and consequently leaves the states alone. The Constitution fails to ensure the constituent units‟ proper place in the institutions of power sharing as well as  in  the process of policy-making at  federal  level and  by doing so it betrays the federal idea significantly..

READ FULL TEXT OF Federations and Second Chambers

READ FULL TEXT OF FEDERALISM TEACHING MATERIAL

SPECIAL GOVERNMENT BOND PROCLAMATION NO. 531/2007

PROCLAMATION NO. 531/2007.

A PROCLAMATION ON SPECIAL GOVERNMENT BOND

WHEREAS, it has become necessary to issue special Government bond to be used for raising the capital of the Commercial Bank of Ethiopia;

NOW, THEREFORE, in accordance with Article 55(1) of the Constitution it is hereby proclaimed as follows:

Continue reading SPECIAL GOVERNMENT BOND PROCLAMATION NO. 531/2007