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TIGRAY TO RESTORE BANKING SERVICES AFTER $90M BOOST

TIGRAY TO RESTORE BANKING SERVICES AFTER $90M BOOST
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Faith Nyasuguta

Over the weekend, the Ethiopian government said it was sending about $90 million to the Tigrayan capital to help restart banking services in the country.

Prime Minister Abiy’s national security advisor, Redwan Hussein, announced via Twitter that the National Bank had commenced sending the cash to the capital Mekelle for distribution from Monday.

It was also noted that the Ethiopian Airlines was planning to increase the number of flights to the region.

/Aljazeera/

For the first time on Friday, the prime minister met with Tigrayan leaders since a peace agreement was signed in Pretoria in November after a violent conflict between the federal government and rebels in the northern Ethiopian region. 

Since the signing of the agreement in the South African capital, fighting has stopped and aid deliveries to Tigray have resumed, as the region has long faced acute food, fuel and cash shortages.

The war, which broke out in November 2020, has displaced over two million people and put hundreds of thousands in near-starvation conditions, according to the UN.

The US has approximated the death toll at 500,000.

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Faith Nyasuguta

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