First phase construction of the 134 km long strategic road connecting Zoba Maekel to Gash Barka direct is progressing well and on schedule. BY SHABAIT The first phase of construction of the Habela-Cheatat strategic road is progressing well and on schedule. The report was made by Eng. Samson Tesfay, Coordinator of the project.
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The development of road networks is considered as the prime index of economic growth and development of a country. BY MIRIAM TEKESTE | SHABAIT The Eritrean government is engaged in the maintenance and expansion of roads and building bridges. The first phase of the renovation and expansion of the economically important [strategic] roads that started […]
Continue ReadingBy Balambaras, FINANCED with borrowed money, poorly constructed Addis Ababa roads are falling apart and causing too many accidents. Since Addis Ababa has been a testimony of Chinese government financed road network experiments in Africa, is this how they all end up in a couple of years?
Continue ReadingBy Magidu Nyende and Luka Okumu, ERITREA’S monetary policy has mainly been geared to accommodating the public fiscal deficits. Broad money supply increased sharply to 119% of GDP in 2011 and 2012. Due to exceptionally high deficits in the previous years, the authorities had to resort to central-bank financing. Credit supply to the private sector […]
Continue ReadingBy Magidu Nyende and Luka Okumu, EVIDENCE-based assessment of fiscal policy in Eritrea is severely constrained by lack of transparency and availability of basic information on fiscal operations and management, including, of course, the budget. Estimates by various sources, including the IMF, however, indicate a continued improvement in the overall fiscal deficit (after grants) from […]
Continue ReadingEritrea has a mobile penetration of 6%, Internet (1%) and Fixed line (1%) in early 2014 By Market Research Reports, UNDER a state-owned monopoly on fixed and mobile services, Eritrea is the least developed telecommunications market in Africa with a mobile penetration of only around 6% in early 2014. Solely the internet service provider (ISP) sector is […]
Continue ReadingBy ESMART, Since December 2009, The UNSC [United Nations Security Council] has imposed two illegal, unjust, and unfair sanctions on Eritrea, solely based on false accusations, personal vendetta, and sheer hypocrisy. The first sanctions, Adopted by the Security Council at its 6254th meeting, was imposed on December 23, 2009 [known as 1862/2009] that primarily dealt […]
Continue ReadingBy Berhane Woldu, Eritrea is the youngest Africa nation known for its political stability, fiscal restraint and low level of corruption. After independence in 1991, the government of Eritrea embarked on huge development programs that were targeted at reviving the economy, renovations and construction of the devastated infrastructure, and improvement of social services. The government also […]
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