A total of 17,500 poor rural households in six regions of Eritrea will benefit from a financial agreement signed today between the International Fund for Agricultural Development (IFAD) and Eritrea to boost coastal and inland fisheries.
The total cost of the Programme is US$32.1 million of which IFAD is providing a US$15 million grant. It is co-financed by the Government of Germany ($5.9 million), the Global Environment Facility ($7.9 million), the Food and Agriculture Organization of the United Nations ($0.5 million), the Government of Eritrea ($1.4 million) and by the beneficiaries themselves ($1.3 million). Continue reading Eritrea Receives US$15m IFAD Grant to Boost Fisheries Sector and Nutrition→
After a new era has signaled on May 24 of 1991, soon, developmental endeavors started storming the country ubiquitously. Following to the establishment of a government body to look and run after the Eritrean maritime treasures at the Ministry level, by the same coin, researches published to usher that the Eritrean Red Sea is well treasured with a capacity carrying out 60 – 80,000 tons fish annually. Continue reading Eritrea’s Unexploited Fishing Treasures: Challenges and Opportunities→