By Nicolas German | for France 24, Some multi-national companies say isn’t always easy to do business in Eritrea but the Bisha mines, a joint Eritrean-Canadian operation, are an exception. They are also a bright spot for Eritrea’s economy and have contributed more than 800 million dollars to the state’s coffers. The mines, a five-hour drive […]
Continue ReadingBy TesfaNews, Following its recent determination to introduce a far-fetched reform in the country’s financial policies, the Eritrean government further announced that it will soon undertake an aggressive privatization process for most of the government owned industrial enterprises. Minister of Trade and Industry, Mr. Estifanos Habte, disclosed that the privatization process would proceed on the basis of […]
Continue ReadingBy VOA Tigrinya Service, ኤርትራ ኣብ ቀረባ ግዜ ኣብ ከተማ አስመራ ጉባኤ ኢንቨስትመንት ኣካይዳ ኔራ። ዕላማ’ቲ ጉባኤ ኤርትራውያን በብዓቅሞም ኣብ ዝኽእልዎ ዝተፈላለየ ፀፍሒ ኢኮኖሚ’ታ ሃገር ገንዘቦም አዋፊሮም ኣብ ልምዓትን ዕብየትን ሃገሮም ብምክፋል ንሳቶም’ውን ተጠቀምቲ ንክኾኑ’ዩ ክብሉ ኣብ ቤት-ፅሕፈት ፕረዚደንት ኤርትራ ሚኒስተር ማእኸል ወፍርን ልምዓትን ዝኾኑ ዶ/ር ወልዳይ ፍጡር ምስ ሬድዮ ድምፂ ኣሜሪካ ኣብ ዘካየድዎ ቃለ-መሕትት […]
Continue ReadingBy Berhane Woldu, Eritrean Investment Conference was held in Asmara, Eritrea at the Asmara Palace Hotel for two days and development sites excursion to Central and Gash Barka regions on the third day. There were investors from different parts of the world, the Americas, Asia, Australia, Europe, Middle East and 22 countries from Africa. The […]
Continue ReadingVancouver-based Nevsun expects to produce 280,000 to 300,000 gold ounces for the year as it mines higher grades of ore at its flagship Bisha mine in Eritrea. By Reuters, Canadian miner Nevsun Resources Ltd’s quarterly profit rose 12 percent as it realized higher prices for gold sold, and the company raised its gold production forecast […]
Continue ReadingBy TesfaNews, The Government of Eritrea has planned to convene a mega conference on the 27th and 28th of August, in Asmara, to discuss on the upcoming policy that aims to benefit the people of Eritrea from the national wealth by investing on the country’s red-hot national economy. This initiative comes at a time when […]
Continue ReadingBy Madote, Eritrea’s economy is projected to grow by 7.5 percent in 2012, according to the International Monetary Fund (IMF). Driven largely by an increase in major infrastructure development, solid agriculture output and mineral exports, forecasts taken from World Economic Outlook (WEO) released by the IMF on April 17, 2012, reveal Eritrea will register the fastest-growing economy in East […]
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