Sharp Daily
No Result
View All Result
Friday, June 13, 2025
  • 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 journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025

LATEST STORIES

Contrarian investing in Kenya.

June 13, 2025

Still sending tier II contributions to NSSF by default? Time to reconsider.

June 13, 2025

Preparing for the Great Migration

June 13, 2025

How governance overhauls can save struggling banks

June 12, 2025

Harness June showers for Kenya’s economic growth

June 12, 2025

Bridging talent and job creation in Kenya

June 12, 2025
wrong or right dilemma or ethical question - handwriting on colorful sticky notes

Bring back ethics to the centre of Economics

June 12, 2025

What employees should know about unfair dismissal

June 12, 2025
  • 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