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    You are at:Home»Business News»Ethiopia approves supplementary budget
    Business News

    Ethiopia approves supplementary budget

    Bamigbola Azeez OlanrewajuBy Bamigbola Azeez OlanrewajuFebruary 18, 202001 Min Read
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    Ethiopia’s council of ministers have approved a supplementary budget of $877.87 million for 2019/2020 to finance economic reforms, as announced by the country’s Prime Minister, Abiy Ahmed, yesterday

    The funds add to the 386.9 billion Birr of government spending that the Horn of Africa country approved in 2019.

    Abiy, who took office in 2018, has embarked on ambitious economic reforms to open up one of Africa’s fastest-growing but most closed economies. It has already begun the process of privatising its telecoms, banking and sugar sectors.

    Abiy Ahmed Africa banking budget Economic Ethiopia million ministers office reforms sector sugar supplementary telecoms
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    Bamigbola Azeez Olanrewaju

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