Eritrea Economic Outlook
Real GDP is estimated to have fallen to 3.1% in 2019 due to subdued final demand of investment and exports. On the supply side, mining and agriculture remained the dominant contributors to real GDP growth. On the demand side, government investment in infrastructure— notably in energy, roads, and irrigation— underpins growth...
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Danakali eyes finish line for Eritrea potash project
Eleven years after acquiring the project and 10 years after the first drill hole was sunk, Danakali (ASX: DNK, LSE: DNK) is now targeting first production two years out at its Colluli Sulphate of Potash project in Eritrea...
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Danakali scores Eritrea nod for vast potash mine
Australia’s Danakali (ASX, LON:DNK) is closer to getting its Colluli potash project off the ground after the Eritrean Ministry of Energy & Mines (MoEM) accepted the company’s development plan for the mine...
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AFC INVESTS US$150 MILLION IN THE ERITREAN COLLULI POTASH PROJECT
Lagos, 16 December 2019 : Africa Finance Corporation (“AFC” or the “Corporation”), the leading infrastructure solutions provider in Africa, announces a US$150 million strategic investment in Danakali Limited (“Danakali” or the “Company”)...
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THE STATE OF ERITREA BECOMES AFRICA FINANCE CORPORATION’S 24TH MEMBER STATE
Asmara, 18, November 2019: Africa Finance Corporation (“AFC” or “the Corporation”) is pleased to announce the accession of the State of Eritrea (“Eritrea”) as its 24th member state. This decision was ratified by His Excellency, Isaias Afwerki, President of Eritrea, on 6 November 2019...
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Investment Opportunities in Eritrea
On Tuesday, July 24, 2018, Corporate Council on Africa hosted a working group on Investment Opportunities in Eritrea, with guest speaker, Dr. Woldai Futur, Director, Eritrean Investment Center. CCA President and CEO, Florie Liser delivered the opening remarks, noting the historic change in the relationship between Eritrea and Ethiopia and its implications for investment in Eritrea...
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