This has further stoked the crisis in the troubled Amhara region where local militia are fighting against Ethiopian troops. Online users have shared a screenshot of a purported letter from the Ethiopian Lion Bank confirming that it was funding the army's war against rebels in the Amhara region. Renewed regional disputeFighting between the Ethiopian army and the Fano militia group has plagued the Amhara region since July 2023. Amhara forces, who backed the federal army during the conflict, were meant to withdraw under a 2022 peace deal but never did. In the case of Lion Bank, the owners and founders are mainly from Tigray (archived here).

Source: Ethiopian News May 12, 2024 17:04 UTC