By Rahel Asghedom, The head of the Eritrean Free Zone Authority, Dr. Araya Tsegay, disclosed that Eritrea will construct a new and modern regional port in Massawa, to accommodate vast trading activities. He went on to say that the current port of Massawa would not be sufficient in accommodating the expected massive free zone trade […]
Continue ReadingBy TesfaNews, Ethiopia’s prime minister Meles Zenawi, in his latest interview with the self proclaimed Eritrea Opposition website, disclosed that in the immediate future, the Eritrean port of Tio is strategic and more economically important to Ethiopia than the traditional Assab and Massawa ports. He said that under the current prospects in Ethiopia, even if […]
Continue ReadingEritrea has disclosed it has so far invested 1.4 Billion Nakfa (around 100 Million USD) on upgrading the ports of Massawa and Assab. Reports indicates, the port of Massawa was first established in 1655 during the Turkish period and was at its highest level of advancement during the Italian colonial period. However, it was degenerated […]
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