TWO MICRO-DAMS INAGURATED IN ERITREA

Two micro-dams have been inaugurated in Tselot, Gala-Nafhi sub-zone and in Gurit, Serejeka sub-zone of Eritrea.

The dams which are worth over 5 million Nakfa will help residents in reducing the water shortage facing the area.

Speaking during the inuaguration, Zerit Tewoldebrhan, Managing Director in the Central region, said that

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TWO NEW SCHOOLS UNDER CONSTRUCTION IN ERITREA

Forto Sawa sub zone schools construction

Construction of two new primary schools is underway in Ribda and Alet administrative areas, Forto Sawa sub zone. The project is aimed at reinforcing the teaching and learning process in the area according to Abubakar Idris, administrator of the sub zone.

These development is a major boost to the area

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ERITREA PRESIDENT VISIT ONGOING PROJECTS

President Isaias Afwerki

President Isaias Afwerki has visited ongoing projects as the nation aim to improve its infrastructure development.

The President was accompany by Prime Minister Dr. Abiy Ahmed as the tour round a number of agricultural and water development project in Zuway area of the Oromia Regional State.

The delegates that joined

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HABELA-CHEATAT ROAD CONSTRUCTION MAKING GREAT STRIVE IN ERITREA

habela-cheatat road

Great progress has been made for the Habela-Cheatat road construction in Eritrea

The construction of Habela-Cheatat road in Eritrea is making good progress according to report from contractor. Speaking to the media, Samson Tesfay said 8% progress has been made since the project kick-off three months ago.Image result for Habela-Cheatat

Tesfay also said

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ERITREA AND RUSSIA SET TO INCREASE IT’S RELATIONSHIP WITH LOGISTIC CENTRE

Eritrea set to agree deal with Russia for building a logistic centre port.

Eritrea is making plans with Russia to build a logistic centre. The plans is part of Russia way of entering the Africa Market. It will also make the relationship of the both nation to be strong. Meanwhile …

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RENOVATION OF COMMENDABLE DIRT ROAD KICK-OFF IN ERITREA

Renovation of dirt road in progress at Eritrea.

The renovation of the dirt road has kick-off in eritrea. The project which will help improve the economic, business and social activities of the residents. So far around 80% of the renovation has been implemented.

According to resident, the renovation will help …

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ERITREA EXTENDS NATIONAL SERVICE AS A DEFENSE STRATEGY.

Eritrea extends national service

Eritrea increases time for national services as a defense strategy against Ethiopia.

Eritrea national service extended due to illegal habitation by it neighboring Ethiopia. Ethiopia ignores international laws and question Eritrea’s defense structure.

The minister also replied to recent reports about how primarily Eritrean and Sudanese were being threatened with

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MAKHTAR DIOP BECOMES FIRST AFRICAN NATIONAL TO LEAD THE INTERNATIONAL FINANCE CORPORATION

WASHINGTON, February 18, 2021—World Bank Group President David Malpass today announced the appointment of Makhtar Diop as Managing Director and Executive Vice President to head the International Finance Corporation (IFC), an arm of the World Bank Group that advances economic development and improves the lives of people by encouraging growth

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AFRICAN ECONOMIES ARE NOT COMPETITIVE – WEF 2018 REPORT

WEF 2018 report ranks African economies as least competitive

African economies rank least competitive in World Economic Forum (WEF) 2018 report .

World Economic Forum (WEF) 2018 report says various African Economies have remained uncompetitive. The reason its says is especially due to weak institutions and inadequate public policies.

In the WEF 2018 report; US Economy topped the world …

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ETHIOPIA TO OBTAIN PART OF DJIBOUTI PORT

Port

Ethiopia to acquire part of Djibouti’s port.

Djibouti have reach an agreement with Ethiopia concerning the acquisition of part of its port by Ethiopia. This agreement comes after Djibouti on its own invalidated a contract with the United Arab Emirates’ giant Dubai Ports World (DP) two(2) months ago.

According to …

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MOROCCO: 2017 TOP INVESTMENT DESTINATION IN AFRICA

Morocco ranks number one in 2017 top investment destination in Africa

According to Quantum Global Research Lab’s latest Africa Investment Index 2018 (AII), Morocco is the most attractive economy for investments in Africa.

Morocco ranks first based on its increasing economic growth, strategic geographic positioning, increased foreign direct investment, external …

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