Opportunities for Growth in Eritrea's Emerging Mining Sector

The mining industry has become an increasingly important part of Eritrea's economy in recent decades. As the data shows, the sector currently accounts for 20% of GDP and is projected to contribute further to economic growth and export earnings. With sizable reserves of gold, copper, zinc and other minerals, Eritrea is well-endowed to develop a thriving mining market.

Eritrea has a long history of artisanal and small-scale mining but is now seeking to attract larger investments to fully tap its mineral wealth. The new Bisha Mine, operated by a Canadian firm, was a landmark development and has produced encouraging results since opening in 2011. Upcoming projects like the Colluli Potash Project are expected to be transformational, generating hundreds of millions in exports and jobs by the early 2020s.

RFC's expertise in all aspects of the mining project cycle position it well to support Eritrea's emerging sector. From feasibility studies and permitting to community engagement, environmental management, and workforce training, RFC delivers end-to-end services tailored to each project's technical and socioeconomic requirements. RFC also advises on maximizing local economic participation and procurement.

With a track record in over a dozen African countries, RFC brings global best practices and financing options to the table. It can help the government design supportive policies and infrastructure to sustain long-term growth. Bankable projects that prioritize sustainability, technology transfer and local benefits will be key to attracting further investment.

Overall, Eritrea's mining future appears bright. With careful development and RFC's guidance, this sector can be transformed into a pillar of the economy, job creation and national development for decades to come.