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

Domestic refining will end unstable petrol pricing –LCCI

Our Reporter

Fuel scarcity: Private depots hike rates, more filling stations may sell above N180/litre

Our Reporter

Rivers State factional Speaker escapes assassination

Editor

Osinbajo assures Nigerians of better times ahead

Editor

Congo Ebola outbreak: WHO records 62 cases, 27 deaths

Editor

Non remittance of N1.34tn to CRF false – PPPRA

Editor