Ethiopia: aid convoys reach embattled Tigray after truce


  • English
  • Arabic

Aid convoys were in or on their way to Ethiopia's conflict-ravaged Tigray region on Thursday, humanitarian agencies said, the latest deliveries to take advantage of a truce between the country's warring sides.

The 17-month conflict between government forces and the Tigray People's Liberation Front (TPLF) has created a humanitarian crisis in northern Ethiopia and sparked famine fears in Tigray, which has for many months been under what the UN describes as a de facto blockade.

Aid deliveries by road to the stricken region of six million people were cut off in mid-December and only limited medical and other supplies could be flown in.

But the first new convoys sent by the UN's World Food Programme and the International Committee of the Red Cross finally arrived at the beginning of April, about a week after the truce was declared.

The ICRC said on Twitter on Thursday that another shipment carrying food and medical supplies, as well as household items, had arrived in Mekele, the capital of Tigray.

"The convoy also carried essential equipment for the orthopaedic rehabilitation centre," it said.

The WFP announced that a second convoy was on its way to Mekele.

"Forty-seven trucks with food, nutrition and other life-saving supplies plus three fuel tankers – fundamental to deliver these items to communities in #Tigray," it tweeted.

The convoy had a "smooth journey so far with support from all authorities", the WFP said, as the truce between Prime Minister Abiy Ahmed's government and the TPLF continues to hold, allowing aid to reach the battered region.

The new deliveries coincide with a trip to Ethiopia this week by the outgoing US special envoy for the Horn of Africa, David Satterfield, as Washington steps up diplomatic pressure to allow aid to reach Tigray. The National reported this week that Mr Satterfiled will step down this summer after less than six months in the job.

On Thursday, the Ethiopian government said it "reaffirms its commitment to work closely with the international community and other stakeholders to ensure proper access to humanitarian aid".

"The government also urges the international community to put pressure on Tigray militants to withdraw fully from the areas they occupy in the Afar and Amhara regions to pave the way for a smooth aid delivery for those in need."

The TPLF's withdrawal from the two regions neighbouring Tigray was a key condition set by the government when it announced a humanitarian truce on March 24.

The rebels in turn urged the Ethiopian authorities "to go beyond empty promises and take concrete steps to facilitate unfettered humanitarian access" to Tigray.

Earlier this week, the TPLF announced that its troops were leaving Erebti, one of the areas they occupy in Afar.

Doctors at the Ayder Referral Hospital in Mekele, in the Tigray region of northern Ethiopia, say patients are dying as medics face shortages of life-saving drugs and oxygen. AP Photo
Doctors at the Ayder Referral Hospital in Mekele, in the Tigray region of northern Ethiopia, say patients are dying as medics face shortages of life-saving drugs and oxygen. AP Photo

But Ethiopian foreign ministry spokesman Dina Mufti said on Thursday the reports that Tigrayan forces have moved out of Afar "need verification".

The government and the rebels have long accused each other of blocking aid to Tigray, where people are living without basic services such as electricity, internet, telecommunications or banking.

The war has killed untold numbers of people, displaced more than two million and left more than nine million in need of food aid, according to the UN.

Nearly 40 percent of Tigray's six million inhabitants face "an extreme lack of food", the UN said in January, with fuel shortages at times forcing aid workers to deliver medicines and other crucial supplies on foot.

The conflict erupted in November 2020 when Nobel laureate Mr Abiy sent troops into Tigray to topple the TPLF, the region's former ruling party, saying the move was a response to rebel attacks on army camps.

The move followed months of tensions between the government and the TPLF, which dominated politics in Ethiopia for three decades before Mr Abiy came to power in 2018.

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3C%2Fstrong%3E%3A%20ASI%20(formerly%20DigestAI)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Quddus%20Pativada%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Artificial%20intelligence%2C%20education%20technology%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%243%20million-plus%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20GSV%20Ventures%2C%20Character%2C%20Mark%20Cuban%3C%2Fp%3E%0A

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

The specs: 2018 Kia Picanto

Price: From Dh39,500

Engine: 1.2L inline four-cylinder

Transmission: Four-speed auto

Power: 86hp @ 6,000rpm

Torque: 122Nm @ 4,000rpm

Fuel economy, combined: 6.0L / 100km

SCORES IN BRIEF

New Zealand 153 and 56 for 1 in 22.4 overs at close
Pakistan 227
(Babar 62, Asad 43, Boult 4-54, De Grandhomme 2-30, Patel 2-64)

COMPANY%20PROFILE%20
%3Cp%3EName%3A%20DarDoc%3Cbr%3EBased%3A%20Abu%20Dhabi%3Cbr%3EFounders%3A%20Samer%20Masri%2C%20Keswin%20Suresh%3Cbr%3ESector%3A%20HealthTech%3Cbr%3ETotal%20funding%3A%20%24800%2C000%3Cbr%3EInvestors%3A%20Flat6Labs%2C%20angel%20investors%20%2B%20Incubated%20by%20Hub71%2C%20Abu%20Dhabi's%20Department%20of%20Health%3Cbr%3ENumber%20of%20employees%3A%2010%3C%2Fp%3E%0A
Springsteen: Deliver Me from Nowhere

Director: Scott Cooper

Starring: Jeremy Allen White, Odessa Young, Jeremy Strong

Rating: 4/5

MATCH INFO

Uefa Champions League, Group C
Liverpool v Red Star Belgrade
Anfield, Liverpool
Wednesday, 11pm (UAE)

Updated: April 15, 2022, 1:10 PM