China’s latest example of major investment in Eritrea – Building schools and Hospitals
line with the agreement concluded in December 2011 between the Eritrean and PRC governments regarding cooperation in the economic and technical sectors, an agreement was signed on Saturday (28 June) for the first phase of the construction of College of Science in Mai- Nefhi at an expenditure of USD 33 million. In
During the signing ceremony, Mr. Abraha Asfaha, Minister of Public Works, and Mr. Hagos Gebrehiwet, Head of Economic Affairs at the PFDJ were present.
Continue reading China to Build USD 33m Science College to Eritrea
Eritrea is calling on Chinese investors for more infrastructural investment as it seeks to grow the finance sector
With the growing cash flow from the mining sector, investment in the financial sector will be attractive and investors will benefit from a first-mover advantage.
Sino-Eritrean business relations go back to the beginning of Eritrea’s independence, and in recent years, China has made significant contributions to the African country’s growth, especially in infrastructures, such as hospitals, roads, schools, and other amenities. China also supports Eritrea in developing its industrial, agricultural, and mining sectors. Continue reading Eritrea Seeks Chinese Investment on Energy, Financial Sector: Shanghai Daily