Lawmakers Legislate E-transaction Law

May 31 , 2020

The parliament unanimously approved the e-transaction bill that supports the legal framework for the government and private institutions to start offering digital services, mainly e-commerce and e-government services. The 298MPs who attended the session legislated the bill with full support last week in its regular session held at the premises of the Office of the Prime Minister. Drafted by the Ministry of Innovation & Technology, the proclamation, which was in the making for the last year, targets replacing business transactions conducted through paper money with electronic-led transactions. It also included a provision for the formation of a national Digital Economy Council that will be tasked with advising the government on building an economy that is based on digital computing technologies. The new law also hopes to enable the country to practice the sale or procurement of goods or services over computer-mediated networks and involving digital signatures and seals.