Misgivings Put AfDB's $1.24b Ethiopia Projects at Stake

Dec 25 , 2023


The African Development Bank (AfDB) has signalled potential disruptions in its Ethiopian operations, worth an estimated 1.24 billion dollars, blaming safety concerns for its international staff. This followed an incident where Ethiopian security forces detained two international staff of the Bank, whose investigation the AfDB claims was not satisfactorily resolved by Ethiopian authorities. The detained staff was released after the interval of Ethiopia's high-ranking officials, including President Sahleworq Zewdie and Prime Minister Abiy Ahmed (PhD), in November. After the incident a high-level inquiries force chaired by Teklewold Atnafu, monetary policy advisor to the Prime Minister, has been established to probe the case, sources disclosed. AfDB President, Akinwumi Adesina (PhD), expressed dismay at the lack of communication from the authorities in Addis Abeba. “We remain particularly concerned that the Ethiopian government has not shared any report, or details of investigations with the Bank,” Adesina said in a letter he issued. The Bank’s decision to withdraw its international staff, albeit temporarily, brought to light the rising security concerns expats feel. Adesina disclosed that the international staff would resume in-country operations once the government provides transparent details of its investigations and the measures taken in response to the incident. While the Bank's Ethiopian office will continue to operate, it will do so under an Officer-in-Charge, with the locally recruited staff remaining employed.


Radar

Ministry Ponders Tax Waivers for Rural Energy Solutions

Tax exemptions for off-grid energy technologies like solar pumps and mini-grids are under discussion, spearheaded by the Ministry of Water & Energy. Commonly used by rural households, officials disclose their simultaneous plan to develop 300 mini-grids in the next six years. According to Birhanu Weldu, the lead executive of rural energy technology development, the initiative tackles the country's low electrification rate and reliance on charcoal and firewood. Charcoal, fuel wood, and...


Radar

Rural Land Proclamation Comes to Light

A landmark legislation that grants title holders in rural areas the right to use the property as collateral was unanimously ratified by Parliament last week. It primarily focuses on extending access to finance for farmers and pastoralists, through a structured land title system. It also introduces criminal penalties for the illegal transfer of property. Replacing the 18-year-old proclamation for rural land management, the law sentences individuals engaging in land invasions and unauthoris...


Radar

Ethiopian Unveils $50m Domestic Terminal Renovation

With a rising demand for domestic travel, Ethiopian Airlines has renovated its terminal at Addis Abeba Bole International Airport with 50 million dollars to handle customers. The expanded terminal has doubled its previous size to 25,750Sqm and accommodates 200 daily flights to and from 22 domestic destinations. It includes four contact gates, 10 remote departure gates, 22 check-in counters with automated baggage screening systems, shops and restaurants. The terminal also features a dedica...


Back
WhatsApp
Telegram
Email