By Nyende Magidu, ERITREA is aiming at creating a modern, private sector-led economy (Macro Policy 1994; National Indicative Development Plan 2014-2018). Attaining this objective is, however, compromised by an inadequately enabling investment and business environment, United Nations sanctions, and overall weak macroeconomic conditions. Real GDP growth is projected to increase from 2.0% in 2014 to 2.1% in 2015, double the […]
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By TesfaNews, THE European Union this week announced its plan to resume a multi-million-euro development package to Eritrea. Neven Mimica, the EU Commissioner for International Cooperation and Development told Reuters that the package will help Eritrea to finance development projects on energy and other sectors. The EU hopes development aid to Eritrea will help in […]
Continue ReadingBy FikreJesus Amahazion, Nestled in the turbulent Horn of Africa (HOA) region, Ethiopia is Africa’s oldest independent modern nation-state and second most populous.[i] The second poorest country in the world according to the United Nations Development Programme (UNDP) Multidimensional Poverty Index, [ii] Ethiopia consistently ranks extremely low upon a variety of socioeconomic, development, and human […]
Continue ReadingBy Washington Post, The Economist Intelligence Unit has released its projections for economic growth in 2014, including the economies that are expected to grow the most this year. The results are telling – and have implications way beyond these 10 countries.
Continue ReadingBy Madote, In a sign of economic growth, Credit Suisse, a Switzerland-based multinational financial service and research institute, finds household wealth in Eritrea increased at an impressive rate in 2013. In its latest Global Wealth Report, the institute finds from mid-2012 to mid-2013, Eritrea’s wealth per capita and wealth per adult increased from US$915 to US$1,037 […]
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