Tigray drone strikes continue as life resumes in Mekelle

The conflict in Tigray continues with drone strikes targeting the region's fighters. This escalation in military action comes as life slowly returns to normal in Mekelle, the regional capital, with markets and local transport starting to operate again. The ongoing fighting and drone strikes are a concern for markets, as they can impact trade and economic stability in the region.

Why it matters

The ongoing drone strikes in Tigray indicate continued conflict, which could lead to instability and negatively impact investor sentiment. This may cause investors to become more risk-averse and reduce their exposure to Ethiopian assets.

Market impact

Transmission channels

Likely winners & losers

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