THE African Development Bank (AfDB) and Eritrea today signed a US $41.5 million funding agreement to finance two major government projects on skill development, drought resilience and sustainable livelihood programs.
Eritrea’s Permanent Representative to the United Nations, Ambassador Girma Asmerom, presented credentials to Vice President Gladys Maria Bejerano Portela as Eritrea’s non-resident Ambassador to Cuba.
During the ceremony, Vice President Portela asserted that Eritrea-Cuban relations has been steadily growing. She further expressed her country’s readiness to enhance existing ties of partnership with Eritrea in the Health and Agriculture sectors. Continue reading Eritrea Appoints New Ambassador to Cuba→
KARUTURI Global, which earlier agreed with the Ministry of Agriculture (MoA) to grow wheat on 300 thousand hectares of fertile land has fell to deliver its promises of becoming a leading agricultural company.
Karuturi was almost foreclosed after failing to repay a 65 million birr (a little over USD 3 million) loan extended via overdraft facility from the state-owned Commercial Bank of Ethiopia (CBE). However, the company immediately settled the minimum, 25 percent of the debt. But government officials told The Reporter that Karuturi is no longer reputed in Ethiopia. Continue reading Karuturi Ethiopia Has Gone Bankrupt: Minister→