Eritrea Eritrea, officially the State of Eritrea, is a country in the Horn of Africa region of East Africa, with its capital and largest city being Asmara. It is bordered by Ethiopia in the Eritrea–Ethiopia border, south, Sudan in the west, and Dj ...

, officially the State of Eritrea, is a country in the

Horn of Africa The Horn of Africa (HoA), also known as the Somali Peninsula, is a large peninsula and geopolitical region in East Africa.Robert Stock, ''Africa South of the Sahara, Second Edition: A Geographical Interpretation'', (The Guilford Press; 2004), ...

. The

economy of Eritrea The economy of Eritrea has undergone extreme changes after the Eritrean War of Independence, War of Independence. It experienced considerable growth in recent years, indicated by an improvement in gross domestic product in 2011 of 8.7 percent a ...

has experienced considerable growth in recent years, indicated by an improvement in

Gross domestic product Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performanc ...

(GDP) in October 2012 of 7.5 percent over 2011. However, worker

remittance A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes ...

s from abroad are estimated to account for 32 percent of gross domestic product.Eritrea country profile

Library of Congress The Library of Congress (LOC) is a research library in Washington, D.C., serving as the library and research service for the United States Congress and the ''de facto'' national library of the United States. It also administers Copyright law o ...

Federal Research Division The Federal Research Division (FRD) is the research and analysis unit of the United States Library of Congress. The Federal Research Division provides directed research and analysis on domestic and international subjects to agencies of the Unite ...

(September 2005). ''This article incorporates text from this source, which is in the public domain.'' Eritrea has an extensive amount of resources such as copper, gold, granite, marble, and potash. The Eritrean economy has undergone extreme changes due to the

War of Independence Wars of national liberation, also called wars of independence or wars of liberation, are conflicts fought by nations to gain independence. The term is used in conjunction with wars against foreign powers (or at least those perceived as foreign) ...

. In 2011, Eritrea's GDP grew by 8.7 percent, making it one of the fastest-growing economies in the world. The Economist Intelligence Unit (EIU) expects it to maintain a high growth rate of 8.5 percent in 2013.

Companies based in Eritrea

Asmara Brewery Asmara Brewery (formerly Melotti Brewery) is a brewery in Eritrea. The brewery was founded in 1938. The brewery was nationalized by the Derg during the Eritrean War of Independence. The brewery operates a football team, which plays in the Eritr ...

* Banca per l'Africa Orientale * Commercial Bank of Eritrea * Elabored Estate *

Eritrean Investment and Development Bank The Eritrean Investment and Development Bank (EIDB) is a bank in Eritrea. It was established on 28 October 1996. It did not effectively begin operations until 1998 from its single office in Asmara, Eritrea. The bank was fully financed by the Minist ...

Eritrean Railway The Eritrean Railway is the only railway system in Eritrea. It was constructed between 1887 and 1932 during the Italian Eritrea colony and connects the port of Massawa with Asmara. Originally it also connected to Bishia. The line was partly dama ...

* Eritrean Telecommunications Corporation *

Housing and Commerce Bank The Housing and Commerce Bank (HCB) is a bank in Asmara, Eritrea. The company has focused on financing various apartment complexes throughout Eritrea, most notably in Asmara and Massawa. It has also extended loans to local companies involved in t ...

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 (), ...

Red Sea Trading Corporation The Red Sea Trading Corporation (commonly known as 09) is the commercial entity created to enact the People's Front for Democracy and Justice's socially responsible development program. The company was founded with $20,000 in 1984. It is primarily ...

Sabur Printing Press The Sabur Printing Press (SPP) is the exclusive printing company in Eritrea. Its headquarters are located in the national capital, Asmara Asmara ( ), or Asmera (), is the capital and most populous city of Eritrea, in the country's Central Regi ...

File:Red Sea Trading Corporation.jpg, Corporate office for the

in downtown

Asmara Asmara ( ), or Asmera (), is the capital and most populous city of Eritrea, in the country's Central Region (Eritrea), Central Region. It sits at an elevation of , making it the List of capital cities by altitude, sixth highest capital in the wo ...

, Eritrea

By type

Airlines

Eritrean Airlines Eritrean Airlines is the national airline of Eritrea. Based at Asmara International Airport, it is wholly owned by the government of Eritrea. Scheduled service had been discontinued since 2008, and the airline operated only a few hajj flights ...

Nasair Nasair, officially known as Nasair Eritrea, was an airline based in Asmara, Eritrea. It operated scheduled flights to domestic destinations in Eritrea, as well as limited scheduled services to the Middle East and Eastern Africa. As of May 2014 ...

(defunct) *

Red Sea Air Red Sea Air was a domestic airline based in Asmara, the capital of Eritrea. It was at one time the national flag carrier. Eritrean Airlines owned 40% of the airline, which operated domestic routes between Asmara, Assab and Massawa. Red Sea Air ha ...

(defunct)

Banks

References

{{Airlines of Eritrea Companies of Eritrea Economy of Eritrea

Companies A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specifi ...

Companies based in Eritrea

By type

Airlines

Banks

See also

References