Council Gives Green Light to Digital Strategy

Jun 20 , 2020


The Council of Ministers has given a green light to the Ethiopian Digital Strategy that was crafted to direct the economy of the country toward tech-led growth. Drafted by the Ministry of Innovation & Technology under the stewardship of Abraham Belay (PhD), the strategy has been in the making for the last year and outlines four pathways to the realisation of digital-led growth. It anchors unleashing the value of agriculture, constructing the next version of the global value chain in manufacturing, building IT-enabled services, and focusing on digital as the driver of tourism competitiveness. The outlined pathways are broken down into three timelines of implementation: short-term, one to three years; mid-term, eighteen months to three years; and long-term, three to five years. The document was reviewed by 11 development partners and civil society organisations, including the World Bank; 18 ministries and representative agencies; and 30 private sector representatives, start-ups and incubator leaders. The 157-page document is aligned with the Homegrown Economic Reform Agenda and the Ten-Year Development Plan, as well as with international commitments such as the Sustainable Development Goals and the African Union’s Continental Digital Strategy.


Radar

Standing Committee First Visit to Private Foreign Firm Garners New Era

Safaricom Ethiopia stated that it has become the first private foreign company to host a visit by a standing committee from the House of People's Representatives, with the Democracy Affairs Standing Committee touring the company's operations last week. Wim Vanhelleputte, CEO, presented the company's half-year results, showcasing growth in mobile and M-PESA services. Notable achievements include expanding 4G coverage to 46pc of the population, acquiring over 6.1 million active subscribers, and se...


Radar

Goh Mortgage Bank Registers 12-fold Gross Profit Increase

Goh Mortgage Bank reported gross profits of 83.4 million Br, a twelve-fold increase from last year's 6.4 million Br. At its general assembly last week, the bank announced total deposits of 1.02 billion birr, a 12pc increase from 30,530 deposit accounts, which grew by almost 40pc. Outstanding loans reached 1.55 billion Br, with 60pc directed to the construction sector and 19pc towards export-import activities. The bank mobilized 2.3 million dollars in foreign exchange during the year. Girum Ts...


Radar

Garment Maker Invests 200 million Br in Worker Welfare

Shints ETP Garment PLC, a South Korean enterprise operating inside Bole Lemi Industrial Park, inaugurated a 200 million Br recreational facility and daycare center. This state-of-the-art facility includes a tennis court, basketball court, soccer field, gym, and daycare center, with hopes of enhancing employee satisfaction and productivity. The company currently provides dormitory services for 5,500 workers and primary education for their families and plans to expand its dormitory capacity to 11...


Back
WhatsApp
Telegram
Email