China and Russia pursue Eritrea for its strategic location in Africa, resources and transport potential
- Big powers consider Eritrea’s access to the Red Sea, Suez Canal and Persian Gulf waters and onwards to the Indian Ocean important
- But Western countries have largely ‘given up’ on the country because of autocracy, military involvement in Tigray region and poor human rights record: analyst
Its geopolitical significance in the Horn of Africa and easy access to the Red Sea had attracted the attention of Beijing and Moscow, observers said, with Eritrean President Isaias Afwerki endearing his country to the big powers and earning finance for projects and investments.
Chinese belt and road engagements with Eritrea rose 359 per cent in the first half of this year compared with the same period last year, according to a recent study by the Green Finance and Development Centre at the Fanhai International School of Finance, Fudan University.
Christoph Nedopil Wang, director of the Fanhai green finance centre, said Chinese investments in Eritrea were related to mining, including potash, a potassium-rich salt. He cited the Sichuan Road and Bridge Group’s buyout this year of Australia’s Danakali Colluli potash project worth US$131 million as an example.