Ethiopia needs $7.5 bln to finish megaprojects- PM | Africanews
3 months ago, 6 July 19:19
Ethiopian Prime Minister Abiy Ahmed on Friday said the East African nation needs $7.5 billion to finish infrastructure projects such as a massive dam and roads that the government hopes will drive industrialization.
Speaking to parliament before its vote on the 2018/19 budget, Ahmed 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 export earnings were a third of the $10 billion annual target.
Abiy took office in April and has pledged sweeping political and economic reforms.
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