The Eritrea Telecommunication Services Corporation, more commonly known as EriTel, is the sole operator of both landline and mobile telephone communication infrastructure in Eritrea. However, it is but one of several internet service providers in the country. Internet access reaches 0.8% of the total population.
Since the conclusion of the Ethiopia-Eritrea war in 2000, the Eritrean government has expanded military- and party-owned businesses to complete President ISAIAS’s development agenda. The government has strictly controlled the use of foreign currency by limiting access and availability; new regulations in 2013 aimed at relaxing currency controls have had little economic effect. Few large private enterprises exist in Eritrea and most operate in conjunction with government partners, including a number of large international mining ventures, which began production in 2013. In late 2015, the Government of Eritrea introduced a new currency, retaining the name nakfa, and restricted the amount of hard currency individuals could withdraw from banks per month. The changeover has resulted in exchange fluctuations and the scarcity of hard currency available in the market.
While reliable statistics on Eritrea are difficult to obtain, erratic rainfall and the percentage of the labor force tied up in national service continue to interfere with agricultural production and economic development. Eritrea’s harvests generally cannot meet the food needs of the country without supplemental grain purchases. Copper, potash, and gold production are likely to continue to drive economic growth and government revenue over the next few years, but military spending will continue to compete with development and investment plans.