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Eritrea to pay Ethiopia millions
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  Eritrea to pay Ethiopia millions    An international tribunal in The Hague has ruled that Eritrea will have to pay Ethiopia millions of dollars in compensation for war damages.     Both were ordered to pay each other damages for the 1998-2000 border war, but the verdict leaves Eritrea with $10m (£6m) more to pay.   The ruling covers compensation for businesses and goods lost and villages destroyed during the bitter conflict.   Eritrea has already said it accepts the ruling of the tribunal.   The Claims Commission, set up at the end of the war, ruled on awards across a range of issues.   It gave a monetary value to the damage suffered by Ethiopians during a notorious incident when Eritrean jets dropped cluster bombs on a school in the town of Mekele.   It also awarded Eritreans living in Ethiopia, whose homes and properties were seized by the government.   Some claims - such as an Ethiopian demand for $1bn of environmental damage - were dismissed.   In total Ethiopia was awarded $174m...
Sembel Residential Complex in Asmara – One of Africa’s Largest Housing Projects with Hospital, Schools, and Sports Facilities
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        Sembel Residential Complex, Asmara: A Model of Modern Urban Living in Eritrea                  The city of Asmara has been rapidly transforming over the past few decades, particularly in the housing sector. Among its most iconic developments is the Sembel Residential Complex , widely recognized as one of the largest and most well-planned housing complexes in East Africa . Commonly referred to as “Corea” due to its construction by Keangnam Enterprises , Korea’s first contractor, the complex stands as a powerful symbol of international cooperation and visionary urban planning.     🏠 Overview and Housing Capacity    Constructed in 1996 , the Sembel Residential Complex spans a vast area in southwest Asmara  and accommodates approximately 1,250 families . The apartment units vary in size and layout, ranging from one-bedroom flats to spacious three-bedroom homes, designed to suit the needs of different household types. With well-maintained landscaping, paved pedestrian paths, and wi...
Eritrea sells luxury houses to earn hard currency
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     Eritrea Sells Luxury Houses to Earn Hard Currency        Source:  China Daily  |  Location:  Asmara, Eritrea          It may look like a truck park near Asmara’s Halibet Hospital on the edge of town, but the Eritrean government has other plans.    Seeking to tap the hard currency held by the country’s vast overseas community, officials are promoting a large-scale housing project aimed at diaspora buyers.          Halibet Housing: Scale, Pricing & Target Buyers     The project’s website, halibet.com , describes 766 “new residential-style” two- and three-bedroom apartments  with    shopping centres  and sports facilities . Prices range from US$97,000 to US$139,000 —modest by London or New York standards,    but far beyond the reach of most locals, whose average annual income is about US$130 .     Glossy brochures are available through Eritrean embassies abroad. Payments are accepted in US dollars, euros, and British pounds ,    but not  in nakfa , the national currency—...