Shabait.com (Asmara)

19 December 2012

Eritrea: Investors Praise Govt Initiatives

Asmara — A number of potential citizen investors residing inside the country and abroad said that the policy adjustments to be made in line with the government's new initiative to promote investment are a springboard to practical action.

The citizen entrepreneurs who took part in the Second National Investment Conference explained that encouraging investment has significant input in creating new job opportunities, ensuring market stability, and above all strengthening the national economy.

Ms. Almaz Woldai and Mr. Tewolde Belai from Holland told Erina that the recommendations crystallized at the Conference and the government's goodwill to this end is a gateway to a period of new and promising investment prospects in the country. They further expressed conviction that such opportunity would remarkably give impetus to the national economy vis-à-vis the prevailing norm of hard-work among the citizenry.

Mr. Abdu Hamd and Mr. Tesfu Abraha, from Saudi Arabia and Italy respectively, called on potential national investors to become beneficiaries of the investment prospects, and thereby ensure their role in the national economy.

Moreover, Sara Bereket, resident of Asmara city, elucidated that the fact that the policy adjustments would encourage business resource imports is an essential prerequisite to investment interests from inside the country.

A total of 350 nationals residing abroad and an equivalent number of citizens living in the Homeland took part in the Second National Investment Conference, according to reports.

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