Business and Finance

Friday, 15 October 2010 14:09

Written by China Daily

Article Source: China Daily

Sino-Eritrean trade ties strengthened - New equipment, technology, knowledge and skills are rebuilding a proud nation

Blessed with large deposits of precious minerals such as gold, silver, copper and zinc, Eritrea offers foreign investors a wealth of opportunities in the mining sector, while the agriculture, tourism, fisheries and manufacturing industries also possess huge potential.

President Isaias Afewerki is determined to transform Eritrea into the Horn of Africa's logistics hub, as the country of 5.6 million people capitalizes on its 1,151-km long Red Sea coastline and access to one of the world's busiest trade and shipping routes.

Business and Finance

Tuesday, 15 June 2010 00:00

Written by EritreaCompass

Centric Energy Corp. (TSX VENTURE:CTE) is in talks to kick-start oil exploration activities off the cost of Eritrea.

The company is in negotiations with the Government of Eritrea and other exploration corporations.

Centric Energy has submitted an application for a production sharing contract (PSC) to the Eritrean Government in October 2009, according to media displays on the company’s web site.