Digital Transformation Council Holds Inaugural Meeting


Digital Transformation Council Holds Inaugural Meeting

The newly formed National Digital Transformation Council, led by Deputy Prime Minister Temesgen Tiruneh, held its inaugural meeting last week. This follows Prime Minister Abiy Ahmed's (PhD) announcement establishing the council to oversee the implementation of "Digital Ethiopia 2025," the nation's digital transformation strategy. It brought together officials like Belete Molla, minister of Innovation & Technology; Firehiwot Tamiru, CEO of Ethio telecom; and Tigist Hamid, head of Information Network Security Administration (INSA). The council discussed the overall progress of Ethiopia's digital transformation efforts focusing on monitoring the execution of national digital policies and strategies, along with evaluating the effectiveness of development measures. According to Tigist, the council is making headway in coordinating and implementing the long-term vision for digital transformation. Firehiwot said plans need to be refined to achieve the strategy goals. Ethio telecom, with its expanding reach (4G in 340 cities and a launched 5G network), and over 70 million subscribers, is playing a crucial role. Ethiopia's digital transformation strategy, launched in 2020, shows promise with skyrocketed internet access, exceeding 36 million users by 2023. It represents 35pc of the population with a mobile penetration rate exceeding 40 million accounts. However, as highlighted by the World Economic Forum, challenges remain. Bridging the digital skills gap, expanding infrastructure, and promoting digital literacy are crucial hurdles to overcome for a truly inclusive digital transformation.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email