Featured Politics News

Ethiopia needs $7.5bn to drive industrialisation-PM

By Olamilekan FAWAS

Prime Minister Abiy Ahmed says Ethiopia needs $7.5 billion to finish infrastructure projects such as a massive dam and roads that the government hopes will drive industrialisation.

Ahmed made the statement at the parliament before its vote on the 2018/19 budget on Friday in Nairobi.

The prime minister said the government needed to be more efficient and prudent in its spending of public funds.

He said many state-owned enterprises were heavily indebted and that export earnings were a third of the $10 billion annual target.

Abiy took office in April and has pledged sweeping political and economic reforms.

Related posts

FG to spend N13.98 trn on 2022 budget

Our Reporter

US-based Nigerian billionaire to invest N3bn in Fidelity Bank

Abisola THOMPSON

Procribing our union is recipe for crisis – Oyo NURTW

By Meletus EZE

Nedogas, NCDMB commissions 300MMscfd Kwale Gas Gathering Facility

Emeka Ugwuanyi

FIRS gets online portal to check fake tax certificates

Abisola THOMPSON

Diesel Substitution for Gas: SEPLAT to double 350Mscf of gas per day in 3 years, says Avuru

Abisola THOMPSON