QInvest, Qatar’s leading Investment bank, has acquired 30.5% of Al Nakheel Agriculture and Trading Company W.L.L. and AG Middle East LLC (together the “Group”). Based in Doha, Qatar, the companies specialize in providing landscaping and related maintenance services to governmental, corporate and industrial customers. This acquisition is the fourth private equity transaction completed by QInvest [...]
By Kesete Ghebrehiwet The Southern Red Sea region is a land of opportunities as well as a land riddled with challenges. The putting in place of service rendering institutions in such a hostile climatic area is indeed beyond compare opportunity to the inhabitants of the region. Much of the development undertakings that have been registered [...]
Report of the successfully conducted Hizbawi Mekete in Hamburg on the 21.01.2012 Asmara, 25 January 2012 – Eritrean nationals residing in Northern Germany have conducted meeting in Hamburg City. Following in-depth discussion regarding the objective situation in the Homeland and the role of every citizen in the nation-building process, the nationals called on the Security [...]
By Amanuel Biedemariam Late Monday on January 16, 2012, Ethiopia reported two Germans, two Hungarians and an Austrian were killed in a deadly attack in Ethiopia’s North-Eastern Afar region. During the attacks, a Hungarian and Italian were wounded while two Germans had been kidnapped. The unsuspecting tourists were attacked, wounded, captured and killed inside Ethiopia. [...]
15 February 2011
The elite field for the 66th Lake Biwa Mainichi Marathon on March 06 in Japan has been announced. Eritrean Asmerom Yared, who finished the Lake Biwa Marathon second behind Mubarak Hassan Shami of Qatar in 2008, is listed as one of the favourites for the race. The field includes world-class Kenyan athete Wilson Kipsang, who [...]
13 February 2011
Shabait, Massawa, 12 February 2011 – The official commemoration of the 21st anniversary of Operation Fenkil was today conducted in the port city of Massawa in patriotic spirit. The commemoration took place in the presence of President Isaias Afwerki, Ministers, Army commanders, senior government and PFDJ officials, invited guests as well as thousands of nationals. [...]
11 February 2011
Sunridge Gold Corp., (SGC/TSX.V) is pleased to announce that it has commenced a new exploration drilling program at the Medrizien Gold target on the Asmara Project, Eritrea. Approximately12 reverse circulation drill holes for at least 1,000 metres are planned for the initial drill program. The 100% owned Medrizien Gold target is located within 1 kilometre [...]
10 February 2011
Shabait - It was 21 years ago that historical annals recorded the astounding military exploits of February 1990: Operation Fenkil. Deemed to be one of the world’s military feats for its remarkability of military strategy, scale and thunderbolt tactics, Operation Fenkil is a great event of which Eritrean generations should forever take due pride and [...]
09 February 2011
Luca Gnecchi Ruscone was born in Rome, Italy, in 1982 to an Italian family with strong roots to Eritrea and Africa. His father lives in Kenya and his mother was born in Eritrea, where his grandfather had been living since the 1930’s. Luca’s grandfather was importing handmade sunglasses from Italy when he first moved to [...]
09 February 2011
Frankfurt - An Eritrean man appeared in court in Frankfurt Wednesday on a manslaughter charge in connection with the death of a Nigerian man, in a case that has grabbed headlines in Germany. The 35-year Eritrean admitted that he stabbed the 21-year-old Emeka Okoronkwo in the early hours of May 2 last year, but argued [...]
08 February 2011
Nevsun CEO Cliff Davis The following article is written by Peter Caufield in the February issue of Resource World. Vancouver-based Nevsun Resources Ltd. [NSU-TSX] recently poured its first gold at the Bisha Gold Mine in Eritrea, northeast Africa. The first pour was part of the plant commissioning process and rendered two doré bars totaling 26 [...]
08 February 2011
Financial Times Blog - China is not the only country intent on taking a bigger slice of Africa’s resource sector. An Australian government report out on Tuesday said 220 of the country’s mining and oil companies now operated in 42 African countries. Their projects have tripled in number to 595 in the past six years, [...]
08 February 2011
Sunridge Gold Corp. (TSX-V: SGC) said Monday it has hired two indepedent engineering consultants to conduct a prefeasibility study on the Asmara North copper-zinc-gold deposits in Eritrea. The study, which will be maanged by Snowden Mining Industry Consultants and assisted by GBM Minerals, will consider a centralized process plant, using flotation for recovery of the [...]
03 February 2011
Sunridge Gold Corp. (SGC/TSX.V) is pleased to provide results from newly received assays from ten diamond drill holes from the company’s Debarwa copper-gold-zinc deposit located on the Asmara Project, Eritrea. The drill results from the current program (along with results from 35 drill holes completed in late 2009) will be used to update the resource [...]
02 February 2011
Based on the recent news, South Sudan is set to secede with a 99.57 percent vote. For NBD, this means that we have to prepare ourselves to amend our constitution and start the preparatory work of opening an office in Southern Sudan. Our Board has expressed their support and commitment to the establishment of another [...]
