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Nakfa Corporation
The Nakfa Corporation was one of the first privately owned companies founded in Eritrea. The firm has various interests, including Gejeret Corrugated Boxes, a sodium silicate factory, and a mid-rise structure in Asmara Asmara ( ), or Asmera, is the capital and most populous city of Eritrea, in the country's Central Region. It sits at an elevation of , making it the sixth highest capital in the world by altitude and the second highest capital in Africa. The c ... bearing its name (the Nakfa Building). In May 2006, the capital held by the company amounted to 120 million nakfa. References Manufacturing companies of Eritrea {{Eritrea-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eritrea
Eritrea ( ; ti, ኤርትራ, Ertra, ; ar, إرتريا, ʾIritriyā), officially the State of Eritrea, is a country in the Horn of Africa region of Eastern Africa, with its capital and largest city at Asmara. It is bordered by Ethiopia in the south, Sudan in the west, and Djibouti in the southeast. The northeastern and eastern parts of Eritrea have an extensive coastline along the Red Sea. The nation has a total area of approximately , and includes the Dahlak Archipelago and several of the Hanish Islands. Human remains found in Eritrea have been dated to 1 million years old and anthropological research indicates that the area may contain significant records related to the evolution of humans. Contemporary Eritrea is a multi-ethnic country with nine recognised ethnic groups. Nine different languages are spoken by the nine recognised ethnic groups, the most widely spoken language being Tigrinya, the others being Tigre, Saho, Kunama, Nara, Afar, Beja, Bilen and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asmara
Asmara ( ), or Asmera, is the capital and most populous city of Eritrea, in the country's Central Region. It sits at an elevation of , making it the sixth highest capital in the world by altitude and the second highest capital in Africa. The city is located at the tip of an escarpment that is both the northwestern edge of the Eritrean Highlands and the Great Rift Valley in neighbouring Ethiopia. In 2017, the city was declared as a UNESCO World Heritage Site for its well-preserved modernist architecture. The site of Asmera was first settled in 800 BC with a population ranging from 100 to 1,000. The city was then founded in the 12th century AD after four separate villages unified to live together peacefully after long periods of conflict. Under Italian rule the city of Asmara was made capital of Eritrea in the last years of the 19th century. History Giving the Pre-Axumite archaeological evidence found in Asmara around Sembel Called the Ona culture, Asmara's history go back to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People's Front For Democracy And Justice
The People's Front for Democracy and Justice ( ti, ህዝባዊ ግንባር ንደሞክራስን ፍትሕን, PFDJ) is the founding, ruling, and sole legal political party of the State of Eritrea. The successor to the left-wing nationalist Eritrean People's Liberation Front (EPLF), the PFDJ holds itself open to nationalists of any political affiliation. The leader of the PFDJ party and current President of Eritrea is Isaias Afwerki. It has been described as totalitarian. Creation The Eritrean People's Liberation Front (EPLF), later (from 1994) People's Front for Democracy and Justice, formed from the secessionist movement that successfully fought for the creation of an independent Eritrean nation out of the northernmost province of Ethiopia in 1993. The historical region of Eritrea had joined Ethiopia as an autonomous unit in 1952. The Eritrean Liberation Movement was founded in 1958 and was succeeded by the Eritrean Liberation Front (ELF) in 1961. The ELF grew in me ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eritrean Nakfa
The nakfa (ISO 4217 code: ''ERN''; ''naḳfa'', or or نقفة ''nākfā'') is the currency of Eritrea and was introduced on 15 November 1998 to replace the Ethiopian birr at par. The currency takes its name from the Eritrean town of Nakfa, site of the first major victory of the Eritrean War of Independence. The nakfa is divided into 100 cents. The nakfa is pegged to the US dollar at a fixed rate of US$1 = ERN 15. At earlier times, it was officially pegged at US$1 = ERN 13.50. The currency is not fully convertible, so black market rates available on the streets typically offered a rate of 15 nakfas per dollar. Between 18 November and 31 December 2015, the Bank of Eritrea began replacement of all nakfa banknotes. The banknote replacement initiative was designed to combat counterfeiting, the informal economy but primarily Sudanese human traffickers who had accepted payments in nakfa banknotes in exchange for transporting would-be migrants primarily to Europe. A consequence of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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