Region Tigray Financial News

The Ethiopian government and rebels from the northern Tigray province have agreed to a permanent cessation of hostilities. No one knows how many have died, but over two years of brutal war, the number is thought to be in the hundreds of thousands.

Some African leaders have arrived in Russia for a summit with President Vladimir Putin as the Kremlin seeks more allies amid the fighting in Ukraine

A recent college graduate and a single mom are dabbling hopefully in bitcoin after attending a crypto workshop sponsored by rapper Jay-Z at the public housing complex where the hip-hop star grew up. But a former executive at a cryptocurrency exchange feels disillusioned by the false promise of crypto helping her family in Ethiopia's war-torn Tigray region. All were drawn by the idea of crypto as a pathway to wealth-building outside of traditional financial systems with a long history of racial discrimination and indifference to the needs of low-income communities. But crypto's meltdown over the past year has dealt a blow to that narrative, fueling a debate between those who continue to believe in its future and skeptics who say misleading advertising and celebrity-fueled hype have drawn vulnerable people to a risky and unproven asset class.

The head of the World Health Organization (WHO) has highlighted coverage of the Ukraine war to question whether the world "gives equal attention to black and white lives".

Ethiopia’s government declared a national state of emergency on Tuesday as rival Tigray forces threaten to move on the capital and the country’s yearlong war escalates quickly.