TesfaNews

Finding Punt; Africa’s Last, Lost Great Civilization Is In Eritrea

May 19th, 2012

TesfaNews

To the pharaohs, the Land of Punt was the source of great treasure. Among the most prized were Punt's leopards and baboons, considered as sacred and took as royal pets.

By Thomas C Mountain,

After many years of often rancorous debate, Africa’s last, lost, great civilization, The Land of Punt, has been proven to be located in the modern east African country of Eritrea.

Using laboratory analysis of Baboon mummies from Punt found in ancient burials in Egypt scientists have conclusively established that the nearest relatives to the Punt baboons are found in Eritrea on the Red Sea. The closest relatives were found in the hills behind the modern port city of Massawa which lies at the mouth of Zula Bay behind which can be found the ruins of the ancient city empire of Adulis.

President Isaias Discuss Eritrea’s Path to Development – (VOA)

May 18th, 2012

TesfaNews

If you try to distract me from the real issues, I will say you are wasting your time.” - PIA

By Peter Clottey,

Eritrean President Isaias Afewerki calls the country’s development drive over two decades of independence “a success story.”

“We have achieved a lot, and our culture has helped us a lot to create an environment for sustainable development,” he told VOA in an exclusive interview ahead of the 21^st anniversary of his country’s independence on May 24.

“Our main objective for the last 21 years was to create an environment for real independence… We have put the flag we took 21 years ago on a very solid ground,” said Isaias. The major achievement, he emphasized, was the creation of a “solid foundation” for Eritrea’s development.

Rwanda: Cyclists Turn Focus on Eritrea Tour

May 14th, 2012

TesfaNews

Emerging super stars like Jani Tewelde has nothing to say for such threats except to say that, 'We shall see!'

By Rwanda Focus,

The Rwandan National Cycling team (Team Rwanda) is leaving nothing to chance ahead of the upcoming Tour of Eritrea. The team is expected to start residential training today in Musanze, Eastern Province under the guidance of the experienced American coach Jonathan Boyer.

Boyer, the first American to compete in the Tour de France back in 1981, is convinced that with the right preparation, the team can challenge for honors in Asmara after a spirited 7th position in last month’s La Tropicale Amissa Bongo, Africa’s premier cycling competition, which was held in Gabon.

The tour of Eritrea is slated to run from May 30 - June 3 and Emmanuel Murenzi, the executive secretary of the local cycling federation (Ferwacy), is convinced the terrain suits Team Rwanda.

New Red Sea Link for Cape Travellers‎

May 14th, 2012

TesfaNews

Eritrean Airlines will now fly to Cape Town International Airport and OR Tambo Airport four times a week

By Audrey D’Angelo,

Eritrean Airlines arrived on its first flight to Cape Town on Monday (7). For the rest of the year it will fly here four times a week, bringing international visitors who joined the flight in Eritrean’s home airport of Asmara from some of its other destinations, including Rome, Frankfurt, Jeddah, Karachi, Lahore and Khartoum.

The airline expects most of its passengers to use it for connecting flights, as is the case with Emirates

Eritrea Forecasted to be Fastest Growing Economy in Horn (VIDEO)

May 12th, 2012

TesfaNews

Finally the die hard, pro-TPLF, anti-Eritrea, Ethiopian News Paper has forced to swallow the hard facts of Eritrean development without any grain of salt

By The [Ethiopian] Reporter,

The annual publication of the IMF, World Economic Outlook, has forecasted the Eritrea economy to be the fastest growing in the Horn of Africa in 2012, registering a real GDP growth of 7.5 percent in the period. Released on April 17 the report indicates that Eritrea’s growth would be driven by strong mineral export, agricultural output and infrastructural development.

The forecast also shows that the GDP growth of the neighbouring Ethiopia would be 5 percent for the period in question, a decline from the 7.5 percent

Eritrea’s Economy to Grow by 7.5% in 2012 – IMF

May 10th, 2012

TesfaNews

Eritrea's Macro-Economic Stability Continues to Gain Momentum

By Madote,

Eritrea’s economy is projected to grow by 7.5 percent in 2012, according to the International Monetary Fund (IMF).

Driven largely by an increase in major infrastructure development, solid agriculture output and mineral exports, forecasts taken from World Economic Outlook (WEO) released by the IMF on April 17, 2012, reveal Eritrea will register the fastest-growing economy in East Africa this year.

Seattle Mayor Proclaimed May 24, 2012 as Eritrean Independece Day

May 10th, 2012

TesfaNews

I, Mike McGinn, Mayor of the City of Seattle, Do hereby proclaim May 24, 2012 as ERITREAN INDEPENDENCE DAY and ask residents of all backgrounds to celebrate it accordingly.

Thanks Mayor Mike McGinn. You made history to yourself and to your city. You make us all Proud!

By Madote,

Michael McGinn, the Mayor of Seattle, proclaimed his city will officially recognize May 24, 2012, as a day of celebration by all citizens in honor of Eritrean independence day.

Recognizing the significance of May 24 to his Eritrean constituents, the first-term mayor signed legal documents last Monday making May 24 a day of celebration to honor Eritrean independence day and called on Seattle citizens of all background to join in on the festivities.

With slightly over 5,000 Eritreans calling the Emerald city home, Seattle, after Washington, D.C. and Oakland, has the highest number of Eritreans living in the United States.

Nevsun Generates $149.4m in Q1 2012; Production Forecast Raises by 25%

May 10th, 2012

TesfaNews

Tricky ore that led Nevsun to diminish golden expectations in upper oxides now lifts them back up

By Carrie White,

Vancouver-based Nevsun Resources (TSE:NSU)(AMEX:NSU) said Wednesday it posted strong first quarter results, and raised its gold production forecast for 2012 to 260,000 ounces.

Shares rose nearly five percent on the back of the news, trading at $3.39 early Wednesday morning.

The gold and base metal explorer/developer is currently focused on advancing its high grade gold, copper and zinc Bisha Project in Eritrea.

Meb Keflezighi of Eritrea Rises Again

May 9th, 2012

TesfaNews

The trailblazer has nothing to lose as he guns for another Olympic medal.

Meb named the first American to win the a Marathon in 27 years

By Sabrina Grotewold,

Mebrahtom Keflezighi’s a nice guy, but he’s got teeth. Sharpening them was a prerequisite for any post-collegiate elite runner hoping to reverse the abysmal state of U.S. distance running in 2000. Keflezighi, known affectionately by family and fans as Meb, proved that American men could compete on a world-class level again.

“When Joe Vigil and I put the Mammoth Track Club together [in 2001], we had Meb and Deena [Kastor] as our leaders,” says Bob Larsen, Keflezighi’s coach for the past 18 years and the now-retired cross-country and track and field coach at UCLA. “They showed the path. People got confident again and said, ‘If they can train really hard at altitude, compete internationally and win Olympic medals, so can we.’ That growth is still taking place.”