Posts Tagged ‘Eritrea’

Uganda remains best investment destination in East African region

(HornTrade) – The World Investment Report has again ranked Uganda the leading investment destination in East Africa for the fourth year running. The WIR report prepared by the United Nations Conference on Trade and Development (UNCTAD) simultaneously released globally; indicated that in the year 2009, Uganda’s Foreign Direct Investment was $799 million (Shs1.79 trillion) up from the $787 million (Shs1.45 trillion) recorded the previous year. Read the rest of this entry »

Horn of Africa To Receive EUR20 Million Aid Package For Drought

(HornTrade) – The European Commission adopted Wednesday a € 20 million humanitarian financial package to support 12 million people affected by drought in Djibouti, Eritrea, Ethiopia, Kenya, Somalia and Uganda. This funding will help efforts to develop the populations’ resilience to drought and adapt to climate change.

The Greater Horn of Africa has been severely affected by recurrent and persistent manmade and natural hazards, leaving populations highly vulnerable to drought, human and livestock disease outbreaks, and to a lesser extent Read the rest of this entry »

East African nations to challenge colonial Nile treaty

(HornTrade) — Under the 1929 accord, which still stands in international law, none of the other nine countries in the Nile basin can tap the river’s bounty without Cairo’s permission.

And because 95 per cent of Egypt’s water supplies come from the world’s longest river, that approval has rarely been given despite soaring demand for water across Africa.

Now Ethiopia, Kenya, Uganda, Rwanda and Tanzania have agreed a new pact to share the Nile’s waters more fairly and removes Egypt’s veto.
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U.S. should deter foreign mining in Eritrea-report

(HornTrade) – Mining companies should be deterred from working in Eritrea and banned from raising capital or listing their securities in the United States due to Eritrea’s rights abuse record, a U.S.-commissioned report said. The United States Commission on International Religious Freedom (USCIRF) said Eritrea’s systematic violation of Read the rest of this entry »

Eritrean ports begin to climb

(HornTrade) – Eritrea has launched a drive to revamp its ports of Massawa and Assab. These ports have been left languishing after the rupture of relations with Ethiopia cut Eritrea out of the picture and Ethiopian cargo moved to neighbouring Djibouti.

The Ports Rehabilitation Project (PRP) is designed to substantially increase the productivity and capacity of both Massawa and Assab ports. Already, there seems to be signs of improvement as the combined number of ships rose by 22% last year: 273 ships called at the port of Massawa with cargo amounting to around 550,000 tonnes. Read the rest of this entry »

Geothermal Companies Vie for African Development Contracts

(HornTrade) - East Africa — East Africa is famous for its national parks like the Serengeti, the continent’s highest mountain Kilimanjaro, and its exceptional safaris, but now it’s being celebrated by energy companies for its geothermal resources.

Most of Africa’s geothermal resources are located in its Rift Valley, one of the geologic wonders of the world.  The Rift Valley spans roughly 3,700 miles (6,000 kilometers) across East Africa and runs through Kenya, Ethiopia, Djibouti, Eritrea, Tanzania, Uganda, and Zambia.  It’s here that geologists observe firsthand how continents break apart and draw hot magma toward the surface. Scientists Read the rest of this entry »

EXIM (Export and Import) Bank of India in the East African region

(HornTrade) – Ethiopia and EXIM (Export and Import) Bank of India signed agreement here on Tuesday enabling to set up a representative office of EXIM Bank in Addis Ababa.

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