Eritrea

Eritrea

The second newest state in Africa, which became independent in 1991, It's economy has suffered from the long-term conflict, that opposed to Ethiopia between 1998 and 2000. It is based primarily on subsistence farming.

To take advantage of the situation, the Front for Democracy and Justice Isaias Afewerki (the single party of the president) expressed their "desire to install a true market economy" in Eritrea, wrote to the CIA World Fact-book – the country is actually very favorable of plans to privatize enterprise economy.

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Blossary: The 10 Worst African Economies
Industry/Domain: Economy
Category: Economics
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