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Jan
21
2024
By The African Mirror
AfDB to resume Ethiopia work after assurance on security, probe into funds

AfDB to resume Ethiopia work after assurance on security, probe into funds

NEWS
The African Development Bank (AfDB) said 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. It added that the Ethiopian government had committed to cooperate on investigations…
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Dec
21
2023
By JOE BAVIER
AfDB to withdraw international staff from Ethiopia after assault

AfDB to withdraw international staff from Ethiopia after assault

NEWS
THE African Development Bank (AfDB) will "immediately" withdraw all its international employees from Ethiopia following an assault on its staff members by government security forces, the institution said. The AfDB lodged a formal complaint with Ethiopian authorities last month, calling the physical assault and hours-long detention of two of its employees on October 31 a "very serious diplomatic incident". The bank sent a high-level delegation to the Ethiopian capital Addis Ababa on November 22 to meet with the Ethiopian government and bank staff, Wednesday's statement said. The delegation assessed that the situation had not been resolved, AfDB President Akinwumi Adesina said in…
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Nov
07
2022
By The African Mirror
Africa attracts $31-billion in investments

Africa attracts $31-billion in investments

NEWS
THE African Development Bank raised $31 billion in investment commitments for projects during the Africa Investment Forum, said the bank's president Akinwumi Adesina at the end of the three-day meeting. It brings the total investment for the year to about $64 billion, said Adesina. The bank secured $32.8 billion at another meeting with investors in March. Adesina gave few details about the projects but said one focus would be agricultural processing zones. Projects announced earlier in the year were from sectors including agriculture and agro-processing, education, energy and climate, healthcare, minerals and mining, and information and communications technology. Thomson Reuters Foundation
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May
31
2022
By The African Mirror
Africa’s $25-billion climate change war chest

Africa’s $25-billion climate change war chest

ENVIRONMENT
ZUBAIDA MABUNO ISMAIL, BIRD STORY AGENCY THE African Development Bank plans to commit some 25 billion US dollars (US$) to programmes to mitigate the impact of Climate Change - among them, clean energy and emergency food production - over the next three years. This is just a fraction of the estimated amount - between US$1.3 trillion and US$1.6 trillion - that the continent requires to tackle the threat by 2030. Speaking at the 57th Annual Meeting of the bank in the Ghanaian capital, Accra, the bank's president, Akinwumi Adesina, said Africa needs more resources to combat the effects of climate…
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