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Ethiopian PM Abiy defends response to ethnic clashes

Ethiopian Prime Minister Abiy Ahmed on Sunday pushed back against portrayals of his government as weak and timid in the face of recent unrest that left more than 80 people dead.
Protests against Abiy, this year’s Nobel Peace Prize laureate, erupted in Addis Ababa and in Ethiopia’s Oromia region on October 23 after a high-profile activist accused security forces of trying to orchestrate an attack against him - a claim police denied.
The instability quickly devolved into ethnic and religious clashes in multiple locations in Oromia.
Abiy waited several days to issue a written statement about the violence, and he has been criticized for his slow public response.
In a televised statement on Sunday evening, Abiy defended his decision to prioritize “dialogue” over force.
“The Ethiopian government has been magnanimous with a view to widen the political and democratic space in Ethiopia,” said Abiy, who came to power last year.
“It has opted for dialogue and education instead of using force, however those who think patience is fear or magnanimity is weakness should know they are mistaken.”
Abiy said the death toll had climbed to 86 - up from the figure of 78 provided last week by his press secretary, Billene Seyoum.
Of those, 76 were killed in “communal clashes” while 10 were killed in “confrontations with security forces,” Abiy said.
The dead included 50 members of the Oromo ethnic group, the country’s largest, while 20 were from the Amhara ethnic group, the second-largest.
Ethnic violence has been a recurring problem under Abiy, causing Ethiopia to record more displaced people than any other country last year.
The activist at the center of the initial protests, Jawar Mohammed, is credited with helping to sweep Abiy to power but he has recently become critical of some of the premier’s policies.
Both men are from the Oromo ethnic group, and their feud highlights divisions within Abiy’s Oromo support base that could complicate his bid for a five-year term when Ethiopia votes in elections planned for May 2020.
Jawar, a media mogul, is highly divisive and accused by critics of fomenting ethnic divisions.
Speaking to journalists last week, Billene said more than 400 people had been arrested during investigations into the violence, but she declined to say whether the government held Jawar responsible.
Abiy on Sunday also provided a religious breakdown of the victims, saying 40 were Christians, 34 were Muslims and the rest belonged to other religions.
Orthodox Christian leaders have accused Abiy’s government of failing to protect the church’s followers.
Catholic Pope Francis said on Sunday he was “pained” by attacks on Ethiopia’s Orthodox Christians and urged people to “pray for all the victims of violence there.”
source:AFP
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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