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Highlighting Eritrea as An Investment Destination

This is not a test, but: How many have heard of a country named Eritrea? Do you know where it is? Okay, you’re much smarter than I thought. Yes, it is a country in Africa and to be precise, in the Horn of Africa. As is mostly the case in Africa, news from poverty-ridden Eritrea is negative — an autocratic government, no press freedom, no civil rights, no investor protection, no anything. So why you may ask am I highlighting this country?

Well, guess what, it has oil. For decades the country was mired in fighting, first among themselves and then with every neighboring country. The East African news website amoraview.com published a very well-written article detailing the trials and tribulations of Eritrea with one memorable paragraph: “A lifetime dictator, Eritrea’s first and only president managed to establish the world’s nastiest tyranny. Soon after assuming power, the long time rebel leader started by assassinating fellow handicapped fighters, who merely asked for better life. The fledgling state of Eritrea, with its dross economy went to war with all its neighbors, gaining nothing but increasing isolation and crisis. No one can expect any good from a country with no democracy and a president who has rescinded the constitution.”

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