Horn of Africa economy

For Eritrea, sovereignty has never been an abstract idea. It was fought for on the ground, defended along a contested border, carried through years of sanctions and diplomatic isolation, and built into an economic philosophy that remains deeply suspicious of dependency. Few Afric

Eritrea continues to run one of East Africa’s largest current account surpluses, putting it among the few economies in the region taking in more from external transactions than they send out, according to the African Development Bank’s latest regional outlook. The  East Africa Ec

Eritrea's Central Bank has mandated citizens to deposit physical Nakfa cash into commercial banks, aiming for economic self-reliance and financial transparency. This directive seeks to combat the shadow economy and enhance the state's monetary authority.

Eritrea is advancing its infrastructure and energy development through strategic projects in transport and renewable energy, supported by the African Development Bank. These initiatives aim to enhance connectivity, boost economic growth, and improve living standards.

The article challenges the narrative that Eritrea has the most closed economy in Africa, arguing instead that it follows a sovereignty-first development model. It critiques the oversimplified views on national service and economic structure, emphasizing strategic gatekeeping.

The Global Environment Facility has approved a US$77.6 million funding package for climate and nature projects, including a land restoration initiative in Eritrea. This project aims to combat land degradation and enhance climate resilience in the country.

Ethiopia's economic narrative faces challenges as private bondholders reject the government's debt restructuring proposal. Despite claims of growth and self-sufficiency, data reveals ongoing debt distress and reliance on imports, undermining the government's optimistic portrayal.