In the World Economic Outlook October 2009, the International Monetary Fund projected the GDP annual percentage growth for most African countries. In 2010, the fastest growing African economies are projected to be Republic of Congo (12.2%), Angola (9.3%), and Ethiopia (7%). In 2011, the fastest growing African economies are projected … more
KATE EMERY, The West Australian Chalice Gold Mines is poised to test the appetite of money markets, with the Tim Goyder-headed explorer cleared to start raising funds for its $131 million high-grade gold project after getting the final nod from the Eritrean Government. Chalice hopes to start construction of the … more
With dreams for a better future all but shattered, Eritreans have been fleeing their country in droves giving Eritrea the unenviable distinction of becoming one of the world’s biggest prisons and exporters of refugees (http://www.guardian.co.uk/commentisfree/2009/apr/17/eritrea-human-rights). The regime’s terrorism against its own people spares no one. Peacefully demonstrating disabled veterans were … more
There is widespread fear that there may be hidden famine in Eritrea caused by drought. The question is whether the Eritrean government is hiding information on hunger and starvation because it is embarrassed by its failed agricultural policies? Eritrean intellectuals, professionals and political leaders who met in Addis Ababa earlier … more
The drought and famine that is devastating the Horn of Africa is affecting more than 12 million people.Yet one country in the region, Eritrea, says it has escaped the crisis, reaping a bumper harvest earlier this year.
An Eritrean woman with her children in the Mai-aini refugee camp in northern Ethiopia, Friday, July 29, 2011, who has fled her country with her five children out of fear of starvation. Her husband is enlisted in the army but she hasn’t seen or heard from him for years. … more
This basic information is taken from Doing Business 2011. We encourage you to read the entire 74 page report to get the real picture. 20 years after independence these is the real profile of the Eritrean economic development.
By: Amy Shank (AP)Christian Aid has launched an emergency appeal as 10 million people face starvation in the east and Horn of Africa.
Hunger rates in Eritrea have been ranked as “extremely alarming” in a new report.
Paper presented at the Thirteenth World Business Congress, Maastricht School of Management, Maastricht, The Netherlands, July 14-18, 2006 and developed further several times on the basis of the reviewers comments