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AFDB TO RESUME ETHIOPIA WORK AFTER ASSURANCE ON SECURITY, PROBE INTO FUNDS

By Reuters
January 19, 20241:25 PM GMT+1Updated a year ago
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African Development Bank (AfDB) President Akinwumi Adesina addresses the first
Women Entrepreneurs Finance Initiative (We-Fi) West Africa Regional summit at
the Sofitel Abidjan Hotel Ivoire in Abidjan, Ivory Coast April 17, 2019.
REUTERS/Thierry Gouegnon/File Photo Purchase Licensing Rights, opens new tab
 * Summary
 * Companies

 * Agreement reached after meeting between bank president, Abiy
 * Incident arose from probe over missing funds

ADDIS ABABA, Jan 19 (Reuters) - The African Development Bank (AfDB) said on
Friday that all its international staff would return to Ethiopia a month after
it withdrew the employees following an assault on staff members by government
security forces.
The bank will resume normal operations in the country after receiving an
assurance of security from the authorities, an AfDB statement said.
In a meeting between AfDB President Akinwumi Adesina and Prime Minister Abiy
Ahmed late last month Abiy issued an apology to AfDB and assured the bank and
its staff of safety and security, the statement said.
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It added that the Ethiopian government had committed to cooperate on
investigations into missing funds that were to have been transferred to the
bank.
It is the first time the bank has commented on circumstances that led to the
assault on its staff. Ethiopia had not issued any statement about the incident.
"In light of the productive meetings between ... Abiy and ... Adesina, and the
formal apologies of the government and the firm commitments ... to address the
issues related to the incident, the bank will now resume its normal operations
in Ethiopia," AfDB said.
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In a post on his account on X, Abiy said the bank was an essential partner in
Ethiopia's pursuit of food sovereignty.
"We remain committed to strengthening our relations through the support of my
brother President of the Bank ...Adesina," Abiy said.
AfDB says it has a portfolio of 22 projects in Ethiopia worth a total $1.24
billion.


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your day. Sign up here.

Reporting by Dawit Endeshaw; Additional reporting by Bhargav Acharya in
Johannesburg ; Writing by George Obulutsa Editing by Gareth Jones, William
Maclean

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