April 16, 2018 / 6:16 PM / 5 months ago

Ethiopia's new PM says foreign exchange shortage will endure for years-state TV

ADDIS ABABA, April 16 (Reuters) - Ethiopia’s new prime minister said on Monday that foreign exchange scarcity will endure for years and that there is an urgent need for more cooperation with the private sector to find a solution, state television reported.

Abiy Ahmed, who was sworn in on April 2, addressed the local business community at a closed session in a hotel in the Ethiopian capital. His paraphrased remarks were later broadcast by state-owned Ethiopian Broadcasting Corporation. (Reporting by Aaron Maasho Writing by Maggie Fick Editing by Hugh Lawson)

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