Tag Archives: Development

Eritrea’s 2015 – 2017 Economic Outlook According to the World Bank

Eritrea economy growth forecast
According to the World Bank global growth forecast, Eritrean economy will grow by 3.0%, 4.0%, and 4.3% for the period between 2015 – 2017. (Picture: World GDP forecast by The Economist Intelligence Unit)

By Fikrejesus Amahazion,

THE World Bank cut its forecast for global growth this year. According to its semi-annual Global Economic Prospects report,[i] released today in Washington, the world economy will expand 3 % in 2015, down from a projection of 3.4 % in June.[ii]

Developing economies are expected to see an increase in growth from 4.4 percent in 2014 to 4.8 percent and 5.3 percent in 2015 and 2016, respectively. Continue reading Eritrea’s 2015 – 2017 Economic Outlook According to the World Bank

EU and Eritrea Sign a 2.7MW Solar Electricity Accord

The €11m, 2.7 megawatt project will supply electricity to 28 villages in Areza and Mai-Dima sub-zones

By Shabait,

THE Government of Eritrea and the European Union (EU) today concluded an agreement here in the capital regarding the installation of solar energy electricity facility in Areza and Mai-Dima sub-zones, Southern Region.

According to the agreement signed today in the Ministry of National Development, the project involves 11-million Euro, out of which 8 million would be covered by the EU and the remaining amount by the Eritrean government and the UNDP.  Continue reading EU and Eritrea Sign a 2.7MW Solar Electricity Accord

UN High Level Development Group Mission Visits Eritrea

A United Nations Development Group (UNDG) delegation led by UNICEF’s Regional Director for Eastern and Southern Africa, Ms Gharagozloo-Pakkala has reaffirmed the UN’s commitment and support to national development endeavors in Eritrea.

By UN Eritrea,

A UNITED Nations Development Group (UNDG) delegation has reaffirmed the UN’s commitment and support to national development endeavors in Eritrea.

The delegation was led by UNICEF’s Regional Director for Eastern and Southern Africa, Ms Gharagozloo-Pakkala.

“The UN continues its commitment to partnerships and cooperation,” said Ms Gharagozloo-Pakkala.  “We remain results focused and hope to continue to add value in supporting the Government and people of Eritrea.” Continue reading UN High Level Development Group Mission Visits Eritrea

Eritrea Participated in the Launching of the New Horn of Africa Initiative

H.E. Ambassador Araya Desta, speaking on behalf of FM Osman Saleh, expressed Eritrea’s appreciation for the timely initiative

By Eritrea Mission to the AU,

THE new Horn of Africa Initiative led by the World Bank was launched on 27 October 2014 at the Headquarters of the UN Economic Commission for Africa in Addis Ababa.

The initiative aims to address some of the key drivers of instability in the Horn of Africa (HoA) and promote development in the area.

The launching ceremony was attended by the Foreign Ministers and representatives of the countries of the Horn, the Secretary-General of the United Nations, the Chairperson of the African Union Commission, the President of the World Bank Group, the Deputy Executive Secretary of the UNECA, and the Executive Secretary of IGAD. Continue reading Eritrea Participated in the Launching of the New Horn of Africa Initiative

AFDB Second Quarter Socioeconomic Report on Eritrea

Economic performance in Q2 of 2014 remains low due to frequent power shortages, low remittance inflows and low agriculture performance in 2013.

By African Development Bnak (AFDB),

THE African Development Bank (AFDB) has released the second quarter 2014 socio-economic development Bulletin across the African continent providing a summary information on the previous quarter’s major developments across the sub-region for which data are available on a timely basis.

The quarterly Bulletin focusing on East Africa is produced by country economists and country program officers of the African Development Bank Group’s (AfDB) East Africa Regional Resource Center (EARC), Nairobi, Kenya. The publication covers thirteen countries including Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, South Sudan1, Sudan, Tanzania, and Uganda.  Continue reading AFDB Second Quarter Socioeconomic Report on Eritrea

Major Problems Facing Ethiopia Today

Despite the numerous attempts to falsely project Ethiopia is actually in a “renaissance and on the rise”, Why is the country still the second poorest country on the planet that also have the second largest poor population in Africa? Why is it that Ethiopia has been unable to rejuvenate herself in her “renaissance” and rise up on the global poverty scale? Why is 82 % of rural population in Ethiopia “in severe poverty” in 2014? Why is it that nearly 60% of Ethiopia’s 90 plus million population struggling with an income below US$1.25 per day? Why is it that over 60% of the Ethiopian population chronically or at least periodically food insecure?

By Africa and the World,

ETHIOPIA, the land of Emperor Haile Selassie, is a land of many lands and a kingdom of many kingdoms. Ethiopia is now a landlocked country located at the north-eastern part of Africa (the horn of Africa).

Ethiopia follows Nigeria (about 178 million people) as the second most populous country in all of Africa with a population of about 92 million people with the population growth rate around 3.6%.  Continue reading Major Problems Facing Ethiopia Today