The Eritrean government has vowed to receive assistance from the African Development Bank (AfDB) in growing its blue economy, industrial processing zones, financial markets, agricultural, and energy sectors.
During a recent visit to President Isaias Afwerki of Eritrea, Dr. Akinwumi Adesina, President of the African Development Bank, made this statement. Adesina expressed his admiration for the nation’s sense of direction, commitment, resolve to advance, nationalism, patriotism, independence, and self-sufficiency as well as its abilities, skills, and ingenuity.
He said that the bank will make sure that the nation benefited from the blue economy, particularly through aquaculture, marine resources, and the fishing industry.
According to Adesina, the bank will also help the president of Eritrea create unique agro-industrial processing zones, build out the country’s agricultural and food industries, and process packaged foods and fruits for export.
Adesina praised the nation for its investment in animals, noting that there were many dairy farms, as well as plantations for growing fruit and growing coffee.
According to him, the bank will also increase horticulture output, particularly flower output for domestic and international markets. Adesina went on to outline the bank’s additional contributions to the nation, such as its investments in solar and wind energy. He was pleased about the 33 million cubic meters of water and the 10,000 hectares that the country intended to irrigate, with the completion of 1,000 hectares.
“I was impressed with the density of infrastructure. President Isaias Afwerki, took me to see an area where they were doing irrigation and instead of doing the regular pivot irrigation, it has one that you can do from the top. Again, credit to the fact that they are innovating themselves. They are not plagiarizing, he insisted.
Contrary to other nations, who hire foreign contractors, the Eritrea dam is being built by local engineers from research institutions, according to the head of the AfDB.
In addition, he voiced his admiration for Eritrea’s ability and skill level, noting that students built the water storage tanks for families and farms, which, in other nations, would have been completed by large engineering corporations.
Adesina promised the bank will help build the nation’s capabilities to assist other African nations, particularly in the field of engineering.
