Sharp Daily
No Result
View All Result
Thursday, March 19, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

African Development Bank withdraws international staff from Ethiopia

Brian Murimi by Brian Murimi
December 20, 2023
in News
Reading Time: 2 mins read

The African Development Bank has decided to immediately withdraw all its international staff from Ethiopia after two members were unlawfully detained and assaulted by state security forces last month, the bank’s president announced Tuesday.

The bank “will assure” its local Ethiopian employees “and their families of its duty of care,” Akinwumi Adesina said, noting that they will continue working at the bank’s Addis Ababa headquarters.

The incident occurred October 31 when two international bank employees “were unlawfully arrested, physically assaulted, and detained for hours without charge,” Adesina said.

He called it “a gross violation of their personal diplomatic immunities, rights and privileges” under the bank’s agreement with Ethiopia’s government.

RELATEDPOSTS

Ethiopia’s currency slide hits Safaricom’s expansion

December 6, 2024
Managing Director Kristalina Georgieva arrives and starts her first day of work at the IMF

IMF approves $3.4 billion loan package for Ethiopia

September 13, 2024

“On learning of the incident, I immediately contacted the highest levels of authority in the Ethiopian government,” Adesina said, after which the employees were released.

But more than six weeks later, Ethiopia’s government “has, to date, not shared with the Bank any report, or details of investigations into the incident,” Adesina said.

That and other issues raise doubts “that all the African Development Bank’s employees feel safe and secure to carry out their duties and move around the country without fear of harassment,” he said.

“The incident continues to cause much anxiety across the African Development Bank Group and especially among staff at the Ethiopia country office,” he added.

Adesina said the bank remains committed to supporting Ethiopia’s development but that “its continued operations and future presence in the country could be negatively affected if the incident is not fully resolved.”

As of September, the bank had 22 active projects in Ethiopia totaling $1.24 billion.

The incident “raised concerns among the Bank’s shareholders, other multilateral development banks, international financial institutions, the broader diplomatic community, and other stakeholders,” Adesina said.

It also shows that “the situation is still not yet resolved in a satisfactory manner” and has “not provide(d) full confidence that all the African Development Bank’s employees feel safe,” he said.

Adesina emphasized that the bank “will do everything possible to ensure the safety and security of its personnel.”

The withdrawn international employees will work from outside Ethiopia “until the findings of the (Ethiopian) government investigations into the grave incident are transparently shared with the Bank, and full details of the measures taken to bring the guilty parties to book are made public,” he said.

Previous Post

World Bank injects $250 million into Kenya’s public finance reforms

Next Post

Kenya improves debt-to-revenue ratio with increased collections

Brian Murimi

Brian Murimi

Brian Murimi is a communications and advocacy professional with a focus on innovation, policy and continental development in Africa. A former journalist, he now works at the intersection of knowledge, strategy, and pan-African institution building.

Related Posts

News

Kenya proposes Sh500 million capital requirement for crypto firms

March 19, 2026
News

Court orders CMA boss to pay Cytonn Sh10.5 million over damaging remarks

March 19, 2026
News

Securitization and the Illusion of Debt Reduction: Rethinking Public Debt in Kenya

March 19, 2026
Equity Group Managing Director And CEO Dr. James Mwangi
Analysis

Equity group posts kSh 72BN profit

March 19, 2026
News

Banks deliver steady returns

March 19, 2026
Analysis

Unilever stock slides as investors question food division spin-off strategy

March 19, 2026

LATEST STORIES

How Retirement Schemes Support a Quality Life in Retirement

March 19, 2026

Kenya proposes Sh500 million capital requirement for crypto firms

March 19, 2026

Court orders CMA boss to pay Cytonn Sh10.5 million over damaging remarks

March 19, 2026

Securitization and the Illusion of Debt Reduction: Rethinking Public Debt in Kenya

March 19, 2026
Equity Group Managing Director And CEO Dr. James Mwangi

Equity group posts kSh 72BN profit

March 19, 2026

Banks deliver steady returns

March 19, 2026

Unilever stock slides as investors question food division spin-off strategy

March 19, 2026

Safaricom rolls out tap-to-pay m-pesa in Tanzania

March 19, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024