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Eritrea

Capital: Asmara; GDP growth (annual %) NA:

Africa’s economic growth in 2016 was driven by East Africa

While the continent’s major economies were hit by the fall in commodity prices in 2016, Africa retained its position as the second-fastest growing continent globally recording an average of 2.2% GDP increase, behind only South Asia, according to the African Development Bank Group (AfDB).

Much of Africa’s increase in 2016, AfDB says, was driven by East Africa where several nations recorded “strong performances.” In general, of the continent’s sub-regions, East Africa posted the highest increase rate with 5.3%, led by Ethiopia.
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Africa property offers rich pickings for the brave

Some property pundits believe there are major opportunities for investors or companies on the continent.

While most pundits will acknowledge that the saying “Africa is not for sissies” rings authentic at the same time as it comes to property investment , some commentators believe that there are major opportunities for investors on the continent.
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Bill Gates sees US likely to maintain aid levels for Africa

The US will probably maintain its current levels of aid to Africa despite President Donald Trump’s proposals to slash funding, according to Bill Gates, the world’s richest man.

Trump said in May his government would no longer allocate funding for family planning, a move that has the potential to undermine aid programs in the poorest nations in the world. However, with Congress in control of the budget, it’s unlikely that all cuts proposed by the Trump government will go ahead next year, Gates said in an interview in Dar es Salaam, Tanzania’s commercial capital.
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hina Shandong Economic & Technical Cooperation Group LTD(SCI),

Key Facts: Ambassador : H.E. Mr. Tseggai Tesfazion

Full name: The State of Eritrea
Population: 5.4 million (UN, 2011)
Area: 117,400 sq km (45,300 sq miles)
Major languages: Tigrinya, Tigre, Arabic, English
Major religions: Islam, Christianity
Life expectancy: 60 years (men), 64 years (women) (UN)
Monetary unit: 1 Nakfa = 100 cents
Main exports: Livestock, hides, sorghum, textiles, salt, light manufactures
GNI per capita: US $340 (World Bank, 2010)
Internet domain: .er
International dialling code: +291

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Africa's Relationship With China Is Ancient History
2017/07/02
In 2002 South Africa's Parliament unveiled a digital reproduction of a map - of China, the Middle East and Africa - that some speculated could be the initial map of the African continent. The Da Ming Hun Yi Tu - the Comprehensive Map of the Great Ming Empire - was drawn up around 1389 during the Ming Dynasty, according to historian Hyunhee Park.

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Climate change laws around the world
2017/05/14
There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

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Top Social Media Savvy Companies In Africa’s Biggest Economy
2013/04/28
Large corporate brands in Africa’s biggest economy, South Africa have woken up to social media, following in the footsteps of their customers, according to new findings from technology market researchers World Wide Worx and data analysts Fuseware.

The South African Social Media Landscape 2012 study by World Wide Worx and Fuseware, reveals that 95 % of major brands surveyed have some form of social media strategy aimed at consumers. However, only 51 % rate their efforts on Facebook as effective – and only 33 % believe they are effective on Twitter.

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Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina
2017/07/02
Dr. Akinwumi Adesina is focusing on five areas to achieve the African and world goals for a prosperous continent since becoming president of the African Development Bank - Africa's major public financial institution in September 2015. He was a keynote speaker at this month's Corporate Council on Africa's U.S.- Africa Business Summit in Washington D.C. and moderated a lively panel with five African government ministers. He as well received the Gene White Lifetime Succcess Award from the World Child Nutrition Foundation. This week, he was named the 2017 recipient of the World Food Prize, a prestigious honor that includes a $250,000 award. In an interview in Washington, DC, Adesina discussed the Development Bank's ambitious schedule and his vision for attracting the increase capital Africa needs. Posting questions for AllAfrica was Noluthando Crockett-Ntonga.

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Outlook for 2015-17
2015/10/07
The country (Eritrea) is situated in Eastern Africa, bordering the Red Sea, between Djibouti and Sudan.It has borders with Djibouti for 109km, Ethiopia for 912km and Sudan for 605km.

Land in Eritrea is dominated by extension of Ethiopian north-south trending highlands, descending on the east to a coastal desert plain, on the northwest to hilly terrain and on the southwest to flat-to-rolling plains.

The climat is hot with a dry desert strip along the Red Sea coast, it is cooler and wetter in the central highlands (up to 61 cm of rainfall annually, heaviest June to September) and it is semiarid in western hills and lowlands;
Eritrean(s) speak Afar, Arabic, Tigre and Kunama, Tigrinya, other Cushitic languages.

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 in general weak macroeconomic conditions.

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The friendly and cooperative relations between the People's Republic of China and the National of Eritrea
2015/10/02
In 2010, the friendly and cooperative relations between the People's Republic of China and the National of Eritrea enjoyed healthy and sound development.

The two nations maintained friendly exchanges. From 27 to 29 August, Vice Foreign Minister Zhai Jun visited Eritrea. He met with President Isaias Afewerki of Eritrea and held talks with the Chief of Political Affairs of the People's Front for Democracy and Justice (PFDJ) Yemane Ghebreab, Chief of Economic Affairs of PFDJ Hagos Ghebrehiwet and Foreign Minister Osman Saleh.

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Haywood Analyst Stefan Ioannou
2015/10/02
Here’s an excerpt of an interview with Haywood Analyst Stefan Ioannou published in the Gold Statement (TGR) about the development of the mining industry in Eritrea.

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President of Eritrea - Isaias Afewerki
2012/12/16
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Asmara
2012/12/16
Asmara (Arabic: أسمرة‎, Tigrinya: ኣስመራ?, Asmera), known as Asmera to the inhabitants, meaning "The four (feminine plural) made them unite" in Tigrinya) is the capital city and largest settlement in Eritrea, home to a population of 649,000 inhabitants. Sitting at an elevation of 2,325 metres (7,628 ft), it is located at the tip of an escarpment that is both the northwestern edge of the Eritrean highlands and the Great Rift Valley.
Asmara is situated in Eritrea's central Maekel Region. It is known for its well-preserved colonial Italian modern architecture,and is divided into thirteen districts or administrative areas: Acria, Abbashaul, Edaga Hamus, Arbaete Asmara, Mai Temenai, Paradiso, Sembel, Godaif, Maekel Ketema or Downtown, Tiravolo, Gejeret, Tsetserat and Gheza Banda.

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