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Reuters
Reuters
Business

Some banks re-open in parts of Ethiopia's war-torn Tigray

Several banks said they had resumed services in government-controlled areas of Ethiopia's northern Tigray region for the first time in over a year, following a November truce in a bloody two-year conflict.

Banks have been closed across Tigray since the Ethiopian national army was driven out of the region in June 2021 by forces led by the dominant Tigrayan political party, the Tigray People's Liberation Front (TPLF).

The war, rooted in grievances between political elites and regional rivalries, killed thousands, displaced millions and left half of Tigray's 5.5 million people in desperate need of food.

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