Who Owns Whom

Eritrea

Country Code: 232

ISO2 Code: ER

ISO3 Code: ERI

Country Economic Snapshot

2018-07-18

On 9 July 2018 the leaders of Eritrea and Ethiopia announced that the 20-year long conflict between the two countries was over. The two nations signed an agreement pledging that trade, economic and diplomatic ties would resume. The development of ports is high on the agenda, as it will provide a boost to the economies of both countries, especially landlocked Ethiopia, one of Africa’s fastest-growing economies. According to an Ethiopian spokesperson, a priority is to re-open two roads leading to the Eritrean ports of Assab in the south and Massawa in the north. Eritrea is also set to benefit as it diverts funds into developing infrastructure rather than the military, thus providing a boost to the distressed economy.

Info

Capital Asmara
Currency (Name, Abbreviation, Symbol) Nakfa , ERN , Nfa
Area 117,600 sq km
Type of Government transitional government�
Languages Tigrinya (official), Arabic (official), English (official), Tigre, Kunama, Afar, other Cushitic languages
Natural Resources gold, potash, zinc, copper, salt, possibly oil and natural gas, fish
Type of Industry food processing, beverages, clothing and textiles, light manufacturing, salt, cement
Stock Exchange Eritrea has neither a stock exchange nor a stock market
Stock Exchange Location -
Stock Exchange Founded -
Tax Rate: Corporate
Tax Rate: Individual
Natural Resources gold, potash, zinc, copper, salt, possibly oil and natural gas, fish

Latest available information as sourced from:

African Markets

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The World Fact Book

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