Portraying Unrealistic Image through Exaggerated Expectations Is Not The Eritrean Government’s Political Culture: President Isaias

Asmara, 21 October 2009- In an interview he conducted with Reuters News Agency here today, President Isaias Afwerki underscored that it is not in the Eritrean government’s political culture to portray unrealistic image through exaggerated expectations. “Hence, we don’t want to give invented promises regarding gold and other mining ventures,” he elaborated.
In the interview focusing on diverse domestic, regional and international issues, the President pointed out that had the endowment of abundant natural resources and the income derived thereof been the crucial factor, the world would not have witnessed the prevailing dire poverty in the resource-rich African countries. He further stressed that the decisive factor is the effective and efficient utilization of available

Eritrea Mine Analyst Tour,Visit to Bisha Project , Additional Eritrean Government Support

Nevsun Resources Ltd. (NSU-TSX/AMEX) is pleased to report on the successful conclusion of an analyst tour to the Bisha Project from September 27-30.  The visit was attended by a number of representatives from leading Canadian and UK institutions. The visit was well received by analysts, the Ministry of Energy and Mines and the Eritrean National Mining Corporation (Enamco). The property tour and country visit was a coordinated effort by Nevsun Resources, Sunridge Gold Corporation and Canadian Gold Hunter (formerly Sanu Resources). The visitors included representatives from Canaccord Capital, Geologic Resource Partners, Griffiths McBurney Partners, Kin Communications and Ocean Equities.

Zambaiti- Eritrea P.L.C ( ZaEr): Pioneering Excellence in the Textile and Garment Industry

From Shaebia.org

By Mansour Nouredin, Sep 28, 2009, 2:34pm

 

ZaEr, short for Zambaiti- Eritrea Plc, is a garment and textile industry in Eritrea. Famous for its export oriented products, the company basic objective is to produce world class garment and textile products. In an interview he conducted with Shaebia.org, Mr. Stefano Bonnazi, General Manager of ZaEr said “in its quest of manufacturing export-oriented high quality products, the company has begun to manufacture Giorgio Armani, Nara Camicie and other world-class designs and put on sale to the world market through Cotonificio Honegger S.p.A, a subsidiary of Zambaiti Copertificio,” based in Albino, Italy.

STATEMENT BY HIS EXCELLENCY MR. OSMAN SALEH,MINISTER OF FOREIGN AFFAIRS OF THE STATE OF ERITREA AT THE GENERAL DEBATEOF THE 64th SESSION OF THE UNITED NATIONS GENERAL ASSEMBLY NEWYORK, 28 SEPTEMBER 2009

By Shabait
Mr. President,
Mr. Secretary-General,
Excellencies,
Distinguished delegates,
Let me begin by congratulating our sisterly country, the Libyan Arab Jamahiriya, and you personally, Mr. President, on your assumption of the presidency of the 64th session of the United Nations General Assembly and I express our confidence that your long diplomatic skill and leadership will lead us to a successful conclusion of the session. I wish to assure you the full support of the delegation of the State of Eritrea in the realization of your mission.

Permit me also to seize this opportunity to pay a well deserving tribute to your predecessor, H. E. Miguel d’Escoto Brockmann of Nicaragua, for the very able and effective manner in which he carried the affairs of the 63rd session. Likewise, we commend the Secretary-General,

IMF Team Concludes Article IV Consultation Mission to the State of Eritrea

Press Release No. 09/337
September 29, 2009An International Monetary Fund (IMF) mission visited Eritrea during September 14–29, 2009 to conduct the 2009 Article IV consultation discussions.¹ The last Article IV consultation was concluded in April 2008. The mission met with Mr. Ali, Minister of Energy and Mines, Mr. Woldemariam, Acting Governor of the Bank of Eritrea, Mrs. Woldeghiorghis, Director General of the Treasury and Mr. Tesfaldet, Director General of the Budget (both in the Ministry of Finance), other senior officials, and representatives of the international community and civil society. The mission is grateful to the authorities for their very warm hospitality and fruitful discussions.