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Tag Archives: Nakfa

Eritrean Depositors Lose Control of Their Funds

In a move reminiscent of past campaigns, over the last few weeks, the Isaias Afwerki’s government has arrested many people and sealed their businesses. Government sources indicated the reason for the far-reaching arrests is to investigate alleged crimes of corruption. The doors of at least 200 businesses in Asmara and other places in Eritrea have…

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Eritrean Businesses: Between Loyalists and Others

In recent months, the Eritrean government has been carrying out a heightened surveillance on the Eritrean commercial sector, and reports of spies working for the security departments is focused on merchants and traders suspected of transacting in cash, in violation of the government directive that requires them to deal in checks and not in cash. Since…

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Pirates Of The PFDJ

In 1976, when the Derg announced the change of King Haile Selassie’s birr in Ethiopia, the general public was reluctant to surrender the currency to the bank. People perceived the birr as a currency “guaranteed with gold” though by then the world had long dropped the system of defining the value of currency with gold.…

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Nevsun Loses Appeal to Dismiss Slave Labor Case

22 Nov 2017 Gedab News Comments (3)

A British Columbia court dismissed Nevsun’s appeal to have the case filed against it to be rejected. Three Eritrean refugees…

Enough to the Cruel Man in Asmara

22 Nov 2017 Hannan Abdullah Comments (77)

The need of good governance inspires us to say enough to the cruel man in Asmara. It is the historical record…

The Case of “Business and Human Rights” In…

21 Nov 2017 Tesfabirhan Weldegabir Redie Comments (31)

Companies have an obligation to conduct due diligence of their Business activity and this article is a case of “Business…

To Nobody's Surprise, Sanctions on Eritrea Renewed

18 Nov 2017 Salyounis Comments (74)

(1) The Security Council voted to extend the mandate of the Monitoring Group on Somalia and Eritrea (SEMG) and to…

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