Tag Archives: Resourse Curse

Risk of Doing Business in Eritrea Lower than other African Countries: Bisha Boss

To avoid "Resource Curse", Eritrea use mining revenue to develop other nascent sectors — namely Agriculture, Fisheries and Tourism
To avoid “Resource Curse”, Eritrea uses mining revenue to develop its Agriculture, Fisheries and Tourism sectors

By AAP,

In a vast pit of red earth, white stone and green ponds, excavators unearth precious copper in Eritrea’s first large scale commercial mine.

In its third year of production, Bisha mine — endowed with gold, copper and zinc — is Eritrea’s first major international investment, and one that promises enormous profit for the Red Sea state.

Despite criticism by rights groups — who say large scale mining props up a hardline regime accused of a raft of abuses — authorities hope the mine will draw investment in other industries to help boost Eritrea’s otherwise struggling economy.  Continue reading Risk of Doing Business in Eritrea Lower than other African Countries: Bisha Boss