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The African Development Bank (AfDB) has decided to withdraw all of its international staff from Ethiopia following an assault by Ethiopian security forces on two of its staff members a few weeks ago.

AfDB President Akinwumi Adesina said the assault “continues to cause much anxiety” in a statement released earlier today.

The Bank’s Ethiopia office located on Africa Avenue (Bole Road) will remain open, helmed by an officer-in-charge and its Ethiopian staff, who will continue to work for the AfDB.

“The incident has also raised concerns among the Bank’s shareholders, international financial institutions, [and] the broader diplomatic community,” said Adesina.

Nigeria, the US, and Egypt are among the AfDB’s largest shareholders. The Bank is currently financing close to two dozen projects in Ethiopia, with a portfolio valued at USD 1.24 billion.

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