The escalation of renewed fighting in northern Ethiopia has placed the country’s fragile economic recovery in immediate jeopardy.
Following the collapse of the 2022 South Africa’s peace agreement, a newly formed rebel alliance spearheaded by the Tigray People’s Liberation Front launched a multi-front offensive, pushing the conflict beyond Tigray and into the neighbouring Amhara and Afar regions.
The United Nations reports that humanitarian flights remain completely suspended, roads are blocked, and telecommunications are heavily disrupted.
The escalating conflict has triggered a severe domestic economic panic, leading to widespread mass panic buying and a crippling freeze on banking services across the region.
–ChannelAfrica–
