Blasts in Ethiopian capital after government banned drone flights

Blasts have occurred in the Ethiopian capital, Addis Ababa, following a government ban on drone flights. This development comes as Prime Minister Abiy Ahmed prepares to be sworn in for a new term on Monday, after winning elections in June. The ban on drone flights may indicate growing security concerns, which could impact the country's economic stability and potentially influence market sentiment in the region, including the performance of the EGX 30 index.

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The blasts in the Ethiopian capital signal rising conflict and instability. This could lead to decreased investor confidence and a decline in Ethiopian assets.

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