Category: Business

Multinational mining firms in Eritrea complicit over govt repression – Activist An Eritrean journalist and activist, Meron Estefanos, says multinational mining firms in the country are complicit in the current regime’s dictatorial rule. The Sweden-based advocate mentioned four main firms, Nevsun Resources, Anglogold Ashanti, Chalice and Donia as companies that were bankrolling the dictatorship back…

5G will drive $12 billion in new mobile commerce revenue by 2021 By Greg Sterling. Adobe Digital Insights has released a report called “A Mobile-First World,” which contains data on US and international smartphone usage patterns. The company says it’s based on “a trillion visits” to more than 5,000 websites from 2015 to the end…

Ethiopia Oil Refinery Planned as Blackstone Pipeline Shelved By Paul Burkhardt and Nizar Manek ‎January‎ ‎29‎, ‎2018‎; Bloomberg Markets. Ethiopia’s fast-growing economy has Asian investors lining up to build a new $4 billion oil refinery, even as a Blackstone Group LP-backed fuel pipeline project is shelved. The proposed 120,000 barrels-a-day plant has generated interest from…

shabait.com: Minister encourages Eritrean community members in Angola to become beneficiaries of new investment prospects in the Homeland Asmara, 13 December 2013 – Minister Woldai Fitur, Head of the National Investment Center, has encouraged the Eritrean community members in Angola to become beneficiaries of the favorable environment for investment in the Homeland. He made the remark…

Sunridge Gold CEO talk merits of “undervalued” Eritrea project at Subscriber Investment Summit Tuesday, October 29, 2013 [proactiveinvestors.com] At the recent Subscriber Investment Summit in Vancouver, Sunridge Gold CEO Michael Hopley discussed the progress of the company’s Asmara project to a sold-out room, recently closing an oversubscribed financing of $5.75 million to fund further development.…

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