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Notice of Meeting

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To All Shareholders of Shabelle Bank S.C

Shabelle Bank Share Company will conduct its 4th Ordinary General Meeting on December 28, 2025,         at 8: 00 AM at the Management & Public Service College Meeting Hall in Jigjiga, and its Board of Directors cordially invites its shareholders or their proxies to attend this meeting, on the specified date, time and place.

Name of the Share Company                         Shabelle Bank S.C.

Type of the Share Company                           Share Company Engaged in Bank Business

Subscribed Capital of the Share Company       2,204,070,000

Paid-up Capital of the Share Company            2,203,080,000

Registration Number of the Share Company    NBE/TM/025/2021

Head Office Address of the Share Company   Jigjiga City, Kebele 06, Shabelle Business Center, 5th Floor

Agendas for the 4th Ordinary General Meeting

  1. Accepting New Shareholders and Approving the Transfer and Purchase of Existing Shares;
  2. Hearing the Report of the Board of Directors for the Year 2017 E.C. and Approving it after Deliberations;
  3. Hearing the Report of the External Auditors for the Year 2017 E.C. and Approving it after Deliberations;
  4. Hearing the Recommendations Relating to the Allocation and Distribution of Profits of the Budget Year (2017 E.C.) and Passing Resolutions after Deliberations;
  5. Discuss and Approve the remuneration for the members of the Board of Directors for the year 2024/25 (2017).
  6. Discuss and Approve the monthly allowance for the members of the Board of Directors in the year 2025/26 (2018);
  7. Establishing a temporary Nomination Committee and electing additional female Board of Directors’ member.

Agendas for the 2nd Extra Ordinary General Meeting

  1. Discuss and approve the amendment of the Bank’s Memorandum of Association.

N.B.

  • Shareholders who will not be able to attend the meeting personally shall fill and deposit their proxy at the Head Office of the Bank located in Jigjiga, Shabelle Bussiness Center building, 1st floor, 3 (three) working days before the meeting.
  • Shareholders or their proxies shall come to the meeting with their renewed IDs or passport that shows their identity and the fact that they are of Ethiopian nationality or Ethiopian by birth. Shareholders represented by corporate shareholders shall also come up with legally acceptable documents that show their authorization to participate and vote in the meetings. 
  •   Agents who hold duly authenticated Power of Attorney from a shareholder can participate in the
      meeting by presenting a copy and the original of the Power of Attorney.

Board of DirectorsShabelle Bank S.C

LEADERSHIP AT CLIFF EDGE WITH NO SUCCESSION PLAN

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The lack of a succession plan, poor management quality, less attention to customer satisfaction, less consideration to stakeholders interest poor resource management and no continuity in execution earlier started tasks disregard to the need for respectful organizational stewardship, lack of accountability in leadership and hasty or unprepared leadership decisions can have severe consequences including organizational instability, loss of valuable institutional assets, knowledge, lowered employee morale, and increased staff turnover.

Leadership evolves through diverse styles influenced by knowledge, politics, culture, social contexts, and psychological traits, often reflecting broader societal shifts. These “colours” or trends range from adaptive, tech-driven approaches to inclusive practices shaped by personal and group identities, impacting organizational success for better or worse.

Immoral act reduce employee motivation and loyalty as lack of growth and opportunities to employee talent development discourage energetic movement.  Such failures erode trust, foster disengagement, and amplify conflicts, leading to inconsistent decision-making and higher absenteeism. As employees feel unsupported and directionless, immoral acts of leaders or neglect of due consideration for talent development their motivation and loyalty diminish. Such disregard unethical acts where unprepared leaders prioritize personal thrift growth over systemic improvement, result in reduce energetic drive for better performance.

There is a need for knowledge-or experience where decisions is evidence-based, to create innovation. Leadership that take advantage of power dynamics for personal gain is un worthy of the position of higher responsibility chair. Besides, low attitude to skill and experience undoubtedly result deleterious, governance models. Such leadership can neither strengthen nor aspire organizational success.

As pointed out immoral acts in leadership reduce motivation, loyalty, and trust. Similarly neglect of talent developmentsignals disregard for employee growth which ultimately leads to disengagement. Most often, unprepared leaders prioritize personal thrift and undermines systemic improvement. Failure of stewardship weakens organizational resilience and long-term prospects.

Leadership styles evolve reflecting broader societal changes including cultural, political, and technological trends which directly shape their effectiveness. Adaptive, inclusive, and knowledge-driven leadership styles tend to drive organizational resilience and innovation. On the contrary, leadership overly shaped by power struggles or personality flaws weakens governance and performance.

Ethiopia’s and most African political history reveals a persistent lack of robust, institutionalized succession planning, leading to centralized leadership around individuals and systemic collapses upon the individual  downfall. Lack of good governance in different states lead to their down fall.   Haile Selassie’s regime downfall highlighted the absence of a clear succession plan.  This over-reliance on personal rule, amid famine, economic stagnation, and military unrest, fueled the 1974 revolution, as no institutional mechanisms ensured continuity beyond the emperor. Leadership was unduly centralized around him, and when he fell, the entire system collapsed. The absence of collective leadership left the system vulnerable, culminating in the monarchy’s overthrow by the Derg.

Similarly,  Mengistu Haile Mariam’s rise within the Derg involved eliminating rivals like Generals Aman Andom and Tafari Benti, consolidating one-man rule under Marxist-Leninist ideology without provisions for handover.  Mengistu, leading to its rapid disintegration in 1991 amid insurgencies and this led to his flight to Zimbabwe. This highlighted governance flaws where revolutionary legitimacy overshadowed institutional resilience. The deposition of Mengistu dismantled not only his rule but also the entire governing structure, showing that the system was dependent on one man rather than institutional continuity.

The late PM Meles Zenawi’s death in 2012 exposed fractures in the Ethiopian People’s Revolutionary Democratic Front (EPRDF), as his personal authority had sidelined rivals and concentrated power, lacking a groomed successor. The event afterwards indicates shows leadership fractures within EPRDF that revealed the party’s heavily reliance on his personal authority. The lack of collective succession planning weakened the EPRDF existence. This a show case that bred instability without collective planning, resulting in leadership vacuums and internal purges.

PM Hailemariam Desalegn’s resignation due to inability to sustain leadership until the end of his term though appreciable which can be considered as responsible act than clinging rigidly to power until collapse. Off course his resignation in 2018 was framed as an effort to open space for reforms and national dialogue during a time of political unrest in Ethiopia. Yet the later fracture of EPRDF demonstrated the fragility of Ethiopia’s governance model and lack or absence of robust succession plan. But this is not to mean absolutely there was no good thing done in the previous administrations. Previous administrations, including Hailemariam’s and those before him, had both achievements and shortcomings.

Legacies are layered with both progress and setbacks. Goods: Infrastructure development, economic growth initiatives, and attempts at modernization. Bads: Political repression, limited democratic space, and unresolved ethnic tensions.

Anyhow, such dependency of leadership with only one person where power and skill is concentrated in a single figure or individual creates systemic vulnerability. Thus far outcomes clearly shows the need for creating enabling environment to fill the gap and sustain resilient leadership to withstand shock or maintain governance as it should be.

This is not a thing only in government high political position to day there is a need for  well-organized succession plan in both government organization and private companies. Ethiopia’s government organizations and private companies often lack robust succession planning, with positions frequently held until retirement or death or deposition for political case or otherwise. The absence of merit base assignment hinder carrier advancement and encourage staff turnover. Shifting to open the system, to merit-driven succession requires transparent recruitment, independent oversight clean from political or other secular affiliation, prioritizing skills and training over favoritism. This approach needs open door for merit base renovation away from political deal in civil service.

Al the same, this is not to mean that good leadership is only a matter of succession plan only, there is more to it with modern principle of management that help to bring good governance. Just moving forward breaking old ties with old backward procedures will let us have new better alternative to find resolution to move forward.

Adopting new modern approach with open  mindset promotes constructive engagement, enabling all to work together towards common goals with energy rather than remaining stuck with dirty bureaucratic tricks Good leadership transcends mere succession planning; it integrates modern governance principles to foster effective, transparent, and inclusive systems that drive progress beyond outdated bureaucratic practices. Adapting agile methods and the state of art in management will help deliver services timely using resources optimally, taking advantage of all available means to meet needs with innovation.

Just putting leadership at cliff edge with no succession plan resulted clumsy down fall so far and will not do good to move forward with honor. Appling good management or leadership makes  the difference between patching up a cracked foundation and rebuilding one that can truly hold for generations. This principle applies everywhere: in our organizations, in our communities, and in the international arena.

Leadership without foresight collapses, while leadership with sustainable structures endures. Thus we must advocate for leadership structures strong enough to sustain progress over time. Leadership is not about fragile fixes. It is about the courage to rebuild, to transform, system with sustainable growth with instrumental mind to endure better work and life atmosphere.

Good leadership enables smooth transitions that maintain momentum, morale, and effective governance which promotes progress and honours. True leadership cultivates an instrumental mind-set one that endures challenges, nurtures resilience, and creates better atmospheres for both work and life. It is not reactive, but visionary. It does not cling to temporary remedies, but lays foundations that last.

Governance and leadership are complex, involving both progress and setbacks. The balance of good and bad underlines the need for sustained reforms aimed at building stronger, more resilient leadership frameworks and governance structures that can better manage transitions and withstand challenges without dissolving into fragmentation.

You can reach the writer via gzachewwolde@gmail.com

The demand for tie‑break

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Critical task for ensuring sustainable growth, protecting national interests, and promoting social welfare requires striking the balance with policies that blend state intervention with market-driven reforms avoiding the two antagonistic extreme school of thought between complete state control and total state withdrawal from direct government investment especially in infrastructure development activities.

Sustainable growth and social welfare have not been scored by positioning states with terms of extremes. Rather it seems fair to have a policy that blend state intervention with market-driven reforms as and when the circumstance needs.

On the other hand, active government involvement—through public investment, strategic development planning, and regulation—has been defended as vital for addressing market failures, ensuring equitable access to essential services, and safeguarding national economic security.

All the same, it is a reality that some African, Latin-Americans and Asian countries were earlier colonised and were having some better stride in infrastructure development during colonial period. Yet the built up heritage were not to be attributed to the principle of neoliberalism or similar concept rather it is otherwise.

These days economic governance increasingly recognizes a show case of binary positions that many countries tend to adopt. A hybrid approaches, maintaining government oversight and investment in critical sectors while leveraging private sector efficiencies where possible seems viable rather than sticking with either of the two extremes.

Policies such as targeted regulation, public‑private partnerships, and selective privatization enable states to guide economic priorities without exerting full control. This balanced approach appeals to many emerging economies to move from a highly centralized system toward gradual liberalization. This help maintaining state involvement in key strategic development sectors to guide economic priorities without fully relinquishing control.

Had it not been for such government policies, mega project like GERD, Africa’s largest hydroelectric dam, and Corridor Development may not be realized with such momentum. We may not even welcome such change requirements by private investors as private investors are known to minimize or avoid any risk associated with security and other local problem in their investment.

So the tie break for the core tensions and perspectives between two extremes for development is a policy that create reasonable virtue amalgamating the benefits of the two knowledge areas that align with particular strategic investment need of a nation.

Targeted regulation and selective public‑private partnerships allow states to guide economic priorities without exerting dominance at each extremes. Many emerging economies favour this model, blending liberalization with continued state involvement in strategic sectors. The result has encouraged progress in their development venture.

Effective government intervention provides enabling environment and resources needed for high-impact projects where private investors shy away due to unwillingness to engage in high risks business case.

State-led development helps align mega projects with national priorities, especially in strategic infrastructure areas for broad-based economic growth, social welfare, and sustainable development. Governments typically serve as principal investors, providing essential funding, strategic planning, and regulatory frameworks to enable these projects to be completed for intended purpose if the focus is serious and the policy is hybrid that does not go to either of the two economic thoughts.

Through regulation and partnerships, states shape economies without full control. Emerging economies like this mix of liberalization and state influence, which has yielded promising development outcomes.

Combining regulation with selective partnerships, governments can direct growth without stifling markets. Emerging economies increasingly embrace this balanced model, and the payoff in their development journeys has been strikingly positive. Governments plan infrastructure around national goals, ensuring development to serve public interests. Economic theories guide policy, but in practice, projects often slide between two schools of thought

Governments assess infrastructure needs, to align projects with national economic and social objectives, and design policies and to ensure execution effectively engaging stakeholders. This approach promotes coherent agile project development that serves the broader public interest, beyond the strict application of economic principles.

Development is not a formula but a canvas. Governments sketch infrastructure to match national aspirations, painting policies that serve the public good. Economic theories offer colours, yet no single shade is absolute—projects inevitably blend hues from both schools of thought.

The most sustainable and equitable path to growth lies in designing policies that integrate the benefits of both state-led and market-driven strategies, tailored to national circumstances and evolving developmental challenges with viable economic applicable tools that best solve critical problem.

There are successful emerging economies adopting hybrid approaches that maintain strong government oversight and investments in strategic sectors while leveraging market efficiencies through targeted regulation, public-private partnerships, and selective privatization.

Thus the question is not totally a matter of right or wrong with the economic principle. It is a matter dependant on the viable choice to address immediate needs or priority tier of different states set to get their way to reach their target.

The resolution of core tensions between opposing economic schools of thought—such as complete state control versus total market reliance—lies in adopting policies that balance these competing principles pragmatically. Rather than adhering strictly to ideological extremes, effective development strategies blend state intervention with market-driven reforms based on specific circumstances and national priorities.

Balanced policies recognize the importance of government involvement in areas where markets fail, such as in infrastructure, social welfare, and strategic sectors critical to national security and economic stability. At the same time, they leverage the efficiency, innovation, and resource mobilization capacity of markets through targeted regulation, public-private partnerships, and selective privatization.

There is a need for pragmatic approach that recognizes the dynamic and diverse nature of economies. Agile and effective implementation plan must adapt continuously, aligning policies with changing developmental needs, institutional capacities, and socio‑economic and political contexts.

Combining regulation with selective partnerships with private sectors, governments can foster growth without stifling markets. Infrastructure planning needs to be aligned with national goals to ensure that projects serve the broader public interest. While economic theories provide guidance, in practice, development initiatives often swing between the two dominant schools of thoughts.

Because economies are diverse and ever‑changing, governments cannot stand still. They must align policies with evolving needs, institutional strengths, and socio‑political realities to ensure continuous development.

Complex challenges require flexibility and forward-looking policies. For instance, public-private collaboration and risk-sharing mechanisms help unlock investment, especially in high-impact areas like infrastructure where purely private financing is limited.

Furthermore, macroeconomic stability is reinforced by adaptive policies that plays a vital role in mitigating vulnerabilities from external shocks and financial volatility, as seen in countries like Vietnam and South Korea.

The writer can be reached via gzachewwolde@gmail.com

How Africa is confronting its health workforce exodus

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African governments have agreed on a 10-year agenda to overhaul how the continent trains, deploys, and retains its health workforce. The agenda positions education reform, governance and labour-market alignment at the centre of Africa’s health-system competitiveness, ahead of the agenda’s formal launch in 2026.

The scale of Africa’s healthcare worker problem is stark. WHO warns of a projected shortfall of 6.1 million health workers by 2030, even as the region’s headcount rose from 1.6 million in 2013 to 5.1 million in 2022.

The Agenda’s architects have framed the shortage as “a market and fiscal failure.” Needs-based modelling places required health workers at roughly 9.75 million in 2022, rising to more than 11.8 million by 2030.

“If we do not act boldly and collectively, the gap between what our health systems need and the workers available will only widen,” according to Dr Adelheid Onyango of WHO-AFRO, framing Pretoria as a hinge moment for investment and system reform.

The agenda’s five priorities include governance, modernised education, employment and retention, an investment charter, and labour-market intelligence, which were chosen to close the loop between training outputs and absorptive capacity. That loop is where most countries stumble; they can train graduates, but cannot always pay or deploy them.

According to sector analysts, the consensus signals a shift from “training for supply” to “training for service readiness.”

“This agenda is significant because it forces governments to confront the full chain, from training to employment to retention,” explained Charles Oluoch, the KMPDU regional lead for Western Region, in a virtual interview.

“We cannot keep graduating clinicians into unemployment or exporting them by default. If countries follow through on this framework, we can finally stabilise staffing, negotiate from a stronger fiscal position, and build working conditions that keep workers in the system.”

Africa’s brain-drain problem underscores the urgency of the problem. According to the National Health Institutes, over the last five years, more than 75,000 Nigerian nurses and midwives have migrated to countries such as the United States and the United Kingdom. At the same time, local population levels have risen sharply, intensifying continental demand.

According to WHO, the number of Ghanaian nurses seeking verification to practise abroad rose from 2,678 in 2020 to 6,208 in 2022, a 232% increase that signals sharply rising intent to emigrate.

A recent study published in BMC Nursing, shows Kenya receives an average of 840 certificate-verification applications annually from nurses intending to migrate. While this is far below union estimates of several thousand departures each year, it still represents a significant drain on a health system already struggling to absorb new graduates.

In fact, WHO’s latest analysis estimates that eight of the world’s top 10 health-worker emigration hotspots are African countries, a trend that risks deepening shortages even as training numbers rise.

Yet even against this backdrop of rising shortages and migration, several countries are starting to show what course correction looks like.

Rwanda illustrates how digital learning can shift training capacity. The government, in May 2025, launched an AI-powered platform that replaces cascade, in-person training with a flipped-classroom model and real-time remote support for its 58,567 community health workers.

The platform integrates with the community electronic medical record system, using AI to flag cases, track CHW performance and recommend targeted refresher modules, a move designed to boost diagnostic accuracy and reduce supervision gaps.

“This capacity-building platform is a game-changer for Rwanda’s health system,” said Prof Claude Mambo Muvunyi, Director General of the Rwanda Biomedical Centre.

“By harnessing AI and digital tools, we’re ensuring CHWs have the support they need to save lives, efficiently, equitably and at scale.”

Nigeria is also advancing a sweeping set of nursing and midwifery reforms to strengthen frontline staffing. The new 2025–2030 Strategic Directions for Nursing and Midwifery expands school enrolment from 28,000 to 115,000 students, approves the recruitment of 20,000 health workers, 60% of them nurses and midwives, and introduces a national retention strategy to stabilise primary care. The plan’s six pillars cover education expansion, deployment and retention, regulation, leadership, data systems and service delivery.

According to Ministry officials, the framework is designed to fix uneven distribution and raise the quality of training.

“The strategy aims to boost training, strengthen regulation, and place qualified professionals where needed most,” said Prof Muhammad Ali Pate, Nigeria’s Coordinating Minister of Health.

The Nursing and Midwifery Council is also digitising accreditation and tightening standards, backed by WHO-supported investments in simulation labs, ICT equipment, and school accreditation systems.

South Africa is also pursuing a structural fix through its 2030 Human Resources for Health Strategy. According to the strategy, the National Department of Health will establish a permanent health‑workforce planning unit and a national stakeholder platform, the Health Workforce Consultative and Advisory Forum (HWCAF), to synchronise training, regulation, data, and budgeting.

The architecture aims to enable integrated planning across national, provincial, district, and facility levels and support a comprehensive health workforce information system.

The strategy highlights that nearly 97,000 additional health workers will be needed to achieve equitable distribution, including a significant number of community health workers.

According to Oluoch, if the Agenda succeeds, Africa stands to gain a more productive health workforce, lower service costs through task-sharing and digital support, and a measurable narrowing of the 6.1-million gap by 2030.

“If it falters, the cycle of training without hiring, and migration without retention, could deepen.”

“This agenda provides the roadmap. However, its impact will depend on the budgets and boards that carry it forward.”