Public Management

African Development Bank Group and Ethiopia Resolve to Normalize Relations

African Development Bank Group and Ethiopia Resolve to Normalize Relations
Sunday, 21 January 2024 11:53

Following a serious diplomatic incident in which two international staff of the African Development Bank Group based in the Bank’s Country Office in Ethiopia were severely assaulted by security agents of the Government of Ethiopia, the African Development Bank lodged a formal complaint with the Government of Ethiopia over the incident.

While a high-level mission dispatched by the Bank visited Ethiopia in November 2023 for direct engagement and discussions with senior government officials, the matter remained unresolved. Concerns remained about the security, safety, and the protection of the rights, privileges and diplomatic immunities of the Bank’s staff and the respect for the Host Country Agreement with the Bank.

Consequently, the African Development Bank withdrew all its international staff from Ethiopia.

In further pursuance of a resolution of the matter, the President of the African Development Bank, Dr. Akinwumi Adesina, travelled to Addis Ababa and held meetings with the Prime Minister of Ethiopia, Abiy Ahmed, from 29 to 31 December 2023.

The meetings were fruitful and have brought a resolution to the matter.

The Bank has subsequently received formal apologies from the Prime Minister on behalf of the Government of Ethiopia, with firm assurances of the security and safety of the Bank and its personnel, the respect for the rights, privileges, and diplomatic immunities of staff and the Host Country Agreement of the Government of Ethiopia with the African Development Bank.

The Bank further received firm commitment by the Government to investigate and share the formal report of the investigations into the incident with the Bank and to ensure full accountability for all involved.

Furthermore, the Government committed to fully cooperate with the Bank on investigations into the issue of missing funds that were to have been transferred to the Bank.

The African Development Bank is delighted with and reassured by the strong personal leadership and firm commitment shown by Prime Minister Abiy Ahmed, which have led to the resolution of the impasse following the incident.

The African Development Bank has always had an excellent relationship and partnership with the Government of Ethiopia. The Bank’s ongoing portfolio in Ethiopia is $1.24 billion covering 22 projects.

In light of the productive meetings between Prime Minister Abiy Ahmed and the President of the African Development Bank, Dr. Adesina, and the formal apologies of the government and the firm commitments of the Prime Minister to address the issues related to the incident, the African Development Bank will now resume its normal operations in Ethiopia.

All international staff of the African Development Bank will now return to Ethiopia.

The African Development Bank wishes to thank the general public, the international community and the Bank’s shareholders, as well as its staff, management and Boards of Directors, for their concerns, understanding and support over the incident.

The African Development Bank looks forward to a more reinvigorated partnership with the Government of Ethiopia.

logo BAD

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
(AfDB) The African Development Bank Group will host a High-Level Consultation with the Arab Coordination Group, bringing together heads of Arab...
Guizhou Tyre plans a nearly $300 million tire plant in northern Morocco The factory will produce 6 million passenger vehicle tires per year The...
Fidelity Bank raised 259 billion naira, lifting eligible capital above CBN requirements First Bank of Nigeria also confirmed compliance after multiple...
Carrefour signed a franchise and supply agreement to enter Ethiopia with Midroc’s Queens Supermarket PLC. The partners will convert 13 existing stores...
Most Read
01

Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...

Ethiopia Secures Preliminary Eurobond Restructuring Deal With Private Investors
02

Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...

Africa’s Artificial Intelligence Moment : Infrastructure, Governance and the Path to Scale
03

African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian b...

Africa’s Billionaires Post Strong Gains as Global Wealth Hits Record
04

Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...

Flutterwave Adds Open Banking With Mono Acquisition
05

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.