Ethiopia's federal forces retake Tigrayan capital Mekelle

Ethiopian federal forces have regained control of the city of Mekelle, the capital of the Tigray region. This development comes after a long conflict between the federal government and the Tigray rebels. The retaking of Mekelle is significant for markets and trade in the region, as it could lead to a reduction in tensions and potentially ease restrictions on trade and investment.

Why it matters

The conflict in Ethiopia is escalating, which could lead to instability and negatively impact investor sentiment. The retaking of the Tigrayan capital by federal forces may lead to further violence and unrest.

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