Massawa—President Isaias recently attended the 22nd Commemoration of the Operation Fenkil at Massawa last February 11, 2012. In his speech on that event, the Eritrean president indicated the need for more action and efforts towards the efficient implantation of development programs in the city. The president also said that Massawa’s environs should serve as the [...]
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Eritrea Included in the Top 20 Growing Economies in Africa
Reuters—According to reports released by the International Monetary Fund, five of the fastest growing countries last 2011 are in Africa. This includes the countries of Ghana (13.5%), Eritrea (8.2%), Ethiopia (7.5%), and Mozambique (7.2%). Jim O’Neil, chairman of the Goldman Asset Management, said that the non BRICs markets have to improve their performances in education, [...]
Awenjeli Residents Undertake Water and Soil Conservation Project
Keren—The residents of eight local villages in the Awenjeli subzone recently launched a water and soil conservation campaign to raise crop production and fight erosion. The campaign was officially launched last February 16, 2012 in collaboration with the village officials and national Eritrean government. The local officials further explained that this soil and water conversation [...]
Eritrea and Ethiopia
As a continent, Africa has suffered much from artificial borders drawn by the its former colonial and imperial rulers, akin to what was attributed to old Imperial Britain as the ‘divide & conquer’ policy, but has been practiced by most power brokers all throughout mankind’s history. According to historians, some of the contributory factors that [...]
Eritrean Government Efforts to Improve Literacy Rate are Underway
Asmara—Vigorous efforts are now being planned and executed to minimize the illiteracy rate of Eritrea, according to reports released by the Education Ministry. The report came from the director of General Adult Education & Media, Mr. Gebrezgi Demam, in partnership with the Education Ministry. In comparison with the past human resources, Mr. Demam also explained [...]
Eritrea’s National Bank Releases New Currency Notes
Asmara—The National Bank of Eritrea has recently introduced new currency notes last January 16, this is according to Mr. Kibreab Woldemariam, the bank’s administrator. Mr. Woldemariam also added that the newly printed notes can be found in the 50 and 100 Nafka bills. The new 50 Nafka bills have already been circulated to the public [...]
Why Invest in Eritrea?
The country’s strategic location along the Red Sea offers exposure to among the world’s busiest shipping lines. It also establishes maritime linkages to other regions of the continent. The Massawa Port serves as the transition point for goods and products that are sent to the European, Asian and Middle Eastern markets. Developments made in the [...]
Imported Buses Begin Servicing the Eritrean Public
Asmara—In accordance with the big investments that are being directed toward the country, the government has recently bought public transportation buses to better its transportation services. The Ministry of Transportation and Communication has been working on improving public transport services in the country. And this January, the Ministry has finally opened the doors for more [...]
Chinese Construction Company Believed to Acquire Eritrea’s Gold Mine
Shanghai—A Shanghai based Construction Group will acquire additional gold mining assets in Eritrea this 2012, according to a company bulletin that was posted last December 2011. Shanghai Construction is rumored to acquire up to 60 percent equity stake from Zara Mining Co. for a total of $80 million, according to the same statement that also [...]
African Development Fund Backs Up The Eritrean Education Sector with a USD 19.2 M Grant
Asmara—The African Development Bank recently approved a development fund grand last November 2011 for the improvement of Eritrea’s education sector. According to reports released from the bank, a total of $19.2 million was given to the Eritrean government to improve the quality, access and relevance of vocational and technical education and training for the workforce [...]