Ethiopia
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.
Reuters
00:04
A new threat to global shipping as Yemen's Houthis threaten to close vital Bab el-Mandeb Strait
01:17
Bola Tinubu's state visit to UK: major steel deal agreed with British PM
01:52
UN mine action chiefs for Ethiopia and Sudan call for more funding
00:58
DRC: president Tshisekedi creates financial and economic criminal court
00:02
Libya PM Dbeibah reshuffles government in bid to boost services
01:06
East Africa flood: death toll tops 110 as heavy rains wreak havoc