The European Union has resumed direct budgetary support to Ethiopia, ending a five-year suspension triggered by the 2021 conflict in Tigray. Announced at a business forum in Addis Ababa, the renewed support signals growing trust in Ethiopia’s bold economic reforms, including its recent currency liberalization. Beyond direct budget aid, the EU is adding approximately $176 million for high-speed internet and digital skills, plus another $153 million to boost farming and rural finance. While tensions over the peace deal’s implementation still simmer, the move marks a major vote of confidence—and a potential blueprint for turning ceasefires into lasting prosperity.
CNBC Africa
