Eritrea

12-Mar-2018

East Africa Economic Outlook 2018

The East Africa Economic Outlook reviews economic performance in 2017 and forecasts the next two years by highlighting the region’s key drivers of growth, opportunities, and challenges. It covers major macroeconomic developments in the region’s 13 countries and discusses structural issues affecting future growth, poverty, and inequality. It also presents in part II a synopsis of manufacturing activity in the region, drawing on a previous study of seven of the region’s countries. The outlook selects manufacturing as the sector to cover due to its potential to drive future growth and employment...
07-Mar-2018

East African Ministers share African Development Bank's vision for the continent

In a historic first, East African Governors of the African Development Bank met with the President Akinwumi Adesina and Executives to discuss economic challenges, opportunities and successes in the continent’s fast-growing powerhouse region. On the agenda: closing the $170 billion infrastructure gap across the continent, keeping pace with the region’s booming youth population, creating jobs and safeguarding peace and security. President Adesina assured the gathering that the Bank intends to make the strategic regional consultations an annual event to allow for more open dialogue,...
07-Mar-2018

Africa's population explosion is a ticking time bomb - African Development Bank Governors

The African Development Bank and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment, which they likened to a “ticking time bomb.” The meeting described the continent’s growing young population as a potential growth engine for the world. “The good news is that the solution is within our reach and will require investments,” said Akinwumi Adesina, President of the African Development Bank. At the end of a two-day consultation at the headquarters of the Bank in Abidjan, CÕte d’Ivoire, the Bank...
17-Nov-2017

Eritrea - Interim Country Strategy Paper (I-CSP) 2017-2019

Country Context: Since attaining independence in 1993, Eritrea has had a centralized one-party political system. The Government has, nonetheless, been conducting competitive elections at the local levels, commonly referred to as Zobas and sub-Zobas. The country also continues to experience relatively internal political and social stability and peace. The average annual real GDP growth rate fell from 1.7% in 2014 to 0.3% in 2015, but recovered by 3.8% in 2016. In spite of Eritrea’s low economic growth, the country has managed to reduce its poverty levels from 64% in 2002 and to an estimated 58...
06-Nov-2017

Eritrea: AfDB supports inclusive growth through agriculture and infrastructure development

The Board of Directors of the African Development Bank Group (AfDB) has approved the institution’s intervention strategy in Eritrea for 2017-2019. The Interim Country Strategy Paper (I-CSP) supports the Government’s National Development Plan (2014-2018) for the country’s economic and social development through agricultural transformation. Focusing on transforming the agricultural sector as the pathway to promoting inclusive and sustainable economic growth, the I-CSP provides for investments to improve access to inputs and agricultural technology. It will also put in place enablers for...
15-Feb-2017

AfDB commits US $3.50 million to IGAD Regional Infrastructure Master Plan

The eight-nation Intergovernmental Agency on Development (IGAD) has secured a US $3.50-million grant from the African Development Fund (ADF), the concessional window of the African Development Bank Group, to finance the agency’s Infrastructure Master Plan (IRIMP). The project, to be completed in 38 months, seeks to establish regional infrastructure development priorities for the IGAD region, comprising Djibouti, Eritrea, Ethiopia, Kenya, Somalia, South Sudan, Sudan and Uganda, in order to enhance regional physical and economic integration, thus promoting trade, movement of goods and...
03-Feb-2017

Eritrea - Drought Resilience and Sustainable Livelihoods Program - Appraisal report

The proposed Eritrea-Drought Resilience and Sustainable Livelihoods Project (DRSLP -IV) will be an expansionof the scope of the existing DRSLP II Project. Itwill be implemented insix Zobas of the country (Anseba, Debub, Debubawi Keih Bahri, Gash Barka, Maekel and Semeinawi Keih Bahri).The project will supportthe efforts of the Government ofthe State of Eritrea(GoSE) that havealreadystarted under DRSLP-II to improve the drought resilience of the pastoral and agro-pastoral communities of the target areas. The project will consistof four components: (i) Natural Resources Management:ii) Support...
27-Jan-2017

AfDB supports Drought Resilience and Sustainable Livelihood Program in Eritrea

The African Development Bank has approved a loan and a grant amounting to US $7.14 million to finance the fourth Drought Resilience and Sustainable Livelihoods Program in Eritrea. This Program is an expansion of the ongoing Eritrea Component of the Multinational Drought Resilience and Sustainable Livelihoods Program in the Horn of Africa Project II (DRSLP-II) approved by the Bank Group in November 2014. It is designed to enhance drought resilience and improve sustainable livelihoods of smallholder farmers in Eritrea, with a view to help achieve food and nutrition security, increase...
24-Apr-2015

East Africa Quarterly Bulletin - Fourth Quarter 2014

The East Africa Quarterly Bulletin is produced by country economists and country program officers of the African Development Bank Group’s (AfDB) East Africa Regional Resource Center (EARC), Nairobi, Kenya. The publication covers thirteen countries including Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, South Sudan1 , Sudan, Tanzania, and Uganda. The Bulletin is part of the AfDB’s monitoring of socio-economic developments across the continent and provides summary information on the previous quarter’s major developments across the sub-region for which data...
04-Mar-2015

AfDB approves US $19 million in loans and grants to boost skills of tradespeople and agro-scientists in Eritrea

The African Development Bank’s (AfDB) Board of Executive Directors approved on March 3 in Abidjan a US $19-million project comprising an African Development Fund (ADF) loan of US $10.7 million and an ADF grant of US $8.3 million to boost the Technical, Vocational, Education and Training (TVET) sector. The Support to Skills Development for Employability and Entrepreneurship (SDEEP) project includes US $2.1 million in counterpart funding from the Government of the State of Eritrea (GSoE) bringing the total project cost to US $21.1 million. Eritrea is a relatively small country with 6 million...
20-Jan-2015

East Africa Quarterly Bulletin - Third Quarter 2014

The East Africa Quarterly Bulletin is produced by country economists and country program officers of the African Development Bank Group’s (AfDB) East Africa Regional Resource Center (EARC), Nairobi, Kenya. The publication covers thirteen countries including Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, South Sudan1 , Sudan, Tanzania, and Uganda. The Bulletin is part of the AfDB’s monitoring of socio-economic developments across the continent and provides summary information on the previous quarter’s major developments across the sub-region for which data...
19-Nov-2014

Eritrea - Support to skills development for employability and entrepreneurship – ESMP – 11 2014

The project is classified as Category II. Mitigation measures have been prescribed for the effects of the construction of the 2 new technical and agricultural schools. The two institutions will have their learning environment improved through the provision of laboratories, workshops, classrooms, a library and sanitation facilities. There will be no displacement of people by the project. The project environmental issues and management/ mitigation measures are provided in the Environmental and Social Management Plan (ESMP) summary below.
14-Nov-2014

Eritrea - Interim Country Strategy Paper (I-CSP) 2014-2016 - 11 2014

The preparation of the Interim Country Strategy Paper (I-CSP) for Eritrea is informed by the context analysis, assessment of the country’s strength, weaknesses, opportunities and consultation with key stakeholders. The strategy is aligned with the Government of State of Eritrea (GoSE) priority and the Bank’s Ten Year Strategy 2013-2022. The Government maintains its focus on the three main areas of human resource development, food security, and infrastructure development. The strategy has one pillar: Enhancement of Skills Development and Technology, in support of Inclusiveness and Transition...
06-Nov-2014

Ethiopia Eritrea Somalia - Drought resilience and sustainable livelihoods program in the horn of africa (DRSLP II) - Final Summary SESA – 11 2014

Following the impact of the crisis on the lives and livelihoods of the over 13.4 million people affected and the consequent suffering as well as the loss of human and animal lives, the Heads of States of IGAD member States met at a Summit in Nairobi, 8-9 September, 2011 and deliberated at length on the problems associated with the drought and came up with the Nairobi Declaration committing themselves to make new and significant investments in the dry-lands to end drought emergencies and pledged, among other things to "launch regional projects to address the underlying causes of vulnerability...
27-Oct-2014

The African Development Bank Affirms its Strong Commitment to the Development of the Horn of Africa

On 27th October 2014 the African Development Bank (AfDB) joins the United Nations Secretary General, Ban Ki-moon, the African Union, the World Bank, the European Union and Islamic Development Bank in a 4-day visit to the Horn of Africa. At the start of the visit in Addis Ababa, Ethiopia, the AfDB pledged a new $1.8 billion development assistance package for the next 3 years 2015-2017. After Ethiopia, the Heads of the institutions and representatives will visit Djibouti, Somalia and Kenya where they will hold talks with the countries’ leaders. In addition to the pledged...
27-Oct-2014

Leaders Commit Billions in Major New Development Initiative for the Horn of Africa

UN Secretary-General, WBG and IsDBG Presidents, and other Agency Heads Visit Region to Link Peace Efforts with Economic Progress Leaders of global and regional institutions today begin an historic trip to the Horn of Africa to pledge political support and major new financial assistance for countries in the region, totaling more than $8 billion over the coming years. UN Secretary-General Ban Ki-moon, the World Bank Group (WBG) President, Jim Yong Kim, as well as the President of the Islamic Development Bank Group and high level representatives of the African Union Commission, the European...
08-Oct-2014

AfDB Partner of Choice for East Africa - EARC Report 2014

An exciting economic renaissance is under way in Africa and Eastern Africa has the opportunity to provide leadership. Over the past decade Eastern Africa has made remarkable progress in reversing the economic declines that marked the 1980s and much of the 1990s. Today, Eastern Africa is on the rise as an integrated and competitive region from which several growth poles have the potential to emerge. This report takes a three-part look at the state of development in Eastern Africa – both today and in the future – focusing on key opportunities and development challenges facing individual...
08-Oct-2014

African Development Bank: Partner of choice for the Eastern Africa we want

In a newly released report prepared in 2014 by the African Development Bank’s (AfDB) East Africa Regional Resource Center in Nairobi, Kenya, on the occasion of the Bank’s 50th anniversary, the AfDB describes how it is fulfilling its mandate in Eastern Africa as Africa’s own development bank. The report takes stock of the socio-economic situation today; highlights the Bank’s successes; describes new strategies and instruments; and identifies key challenges the region is likely to face in the next decades. The report explores each of these themes from both a country and...
09-Jun-2014

East Africa Quarterly Bulletin - First Quarter 2014

The East Africa Quarterly Bulletin is produced by country economists and country program officers of the African Development Bank Group’s (AfDB) East Africa Regional Resource Center (EARC), Nairobi, Kenya. The publication covers thirteen countries including Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, South Sudan1 , Sudan, Tanzania, and Uganda. The Bulletin is part of the AfDB’s monitoring of socio-economic developments across the continent and provides summary information on the previous quarter’s major developments across the sub-region for which...
02-Apr-2014

East Africa Quarterly Bulletin - Fourth Quarter 2013

The East Africa Quarterly Bulletin is produced by country economists and country program officers of the African Development Bank Group’s (AfDB) East Africa Regional Resource Center (EARC), Nairobi, Kenya. The publication covers thirteen countries including Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, South Sudan1 , Sudan, Tanzania, and Uganda. The Bulletin is part of the AfDB’s monitoring of socio-economic developments across the continent and provides summary information on the previous quarter’s major developments across the sub-region for which...