Ethiopia’s prime minister Abiy Ahmed is under pressure to end the conflict with its northern state of Tigray as the regional dispute gets closer to spiraling into a full-blown civil war which would impact millions of ordinary Ethiopians and devastate an economy which has regularly been hailed as one of the world’s fastest-growing over the last decade.
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Ethiopia shifts focus from war to economy, U.N. worries about Tigray
“Those aspirations are now at risk. Instability that began even before the Tigray conflict – due to ethnic clashes and other problems – may scare off investors already skittish about the impact of COVID-19 and rapidly-rising Ethiopian government debt. Foreign textiles firms worry about existing investments.”
Ethiopia – TPLF conflict in Tigray will dampen investor appetite
“The timing of such events bodes badly for the Ethiopian government which has been eager to lure foreign direct investment flows (FDI) in the tens of billions of dollars through economic liberalisation, particularly privatisation.”
Tigray conflict will be short-lived but long-term impacts significant
“This is all likely to deter investors and thereby diminish the attractiveness of Abiy’s planned reforms designed to attract foreign capital, including the liberalisation of sectors such as telecommunications and finance.”
Ethiopia Tigray crisis: EU concern over war crime reports
The European Union says it is getting consistent reports of ethnic-targeted killings and possible war crimes in Ethiopia’s northern region of Tigray.
Egypt investors in Ethiopia request compensations for losses due to Tigray conflict
Egyptian investors in Ethiopia’s Tigray region are awaiting the federal government’s response to the former’s requests of compensations for production halt and losses incurred due to the ongoing civil war.
WFP VAM | Food Security Analysis Ethiopia Monthly Market Watch, December 2020
Page 3-4 about Tigray market, Mekelle in particular in Table 1 on pg.4 showing pricing increase of different goods and services. ‘Food prices have continued to spike compared to the pre-crisis level. This change within a month into the crisis is predictable as essential food commodities are necessities and therefore not responsive to price. As shown in Table 1, the price of cereals has increased between 56 to 100 percent since the onset of the crisis. Fuel prices increased in multi-fold during the same period.’
Ethiopian Diaspora Provides Over 100m Birr Assistance To Needy, Defense Force
The Ethiopian Diaspora has provided over 100 million birr humanitarian assistance to the needy and members of the National Defense Force.
Businesses in Tigray appeal for government support
According to Sheba Leather Industry Marketing and business development manager, Zerabruk, over 100 million birr worth of property has been lost due to burglary and fire at the factory, stressing the need for government support in finance and easing official procedures at customs and financial institutions. Abera Tasew, shareholder of Sabana irrigation and AJJ diary, lamented the burning of properties and the stealing of 500 dairy cattle in Raya.
Task Force Emerges to Reinvigorate Investments in Tigray
Egzi Tsehaye, the founder of Zenit Barley, says that his company has suffered losses estimated to be 90 million Br. Despite this, he asserted that the company aims to rebuild entirely within four months.