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

Addis Chamber Embarks on Leadership Forum

A leadership forum where prominent executives will share their experiences in the business environment is organised by the Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) and SAK Training & Consultancy Firm. Headlining Arega Yirdaw (PhD), president of Unity University, who is expected to address the fortunes and adversities of the leadership ecosystem and share insights into his cascade of experiences, the first round is expected to set off at the Inter-luxury H...


Radar

Wegagen Bank Launches its Mobile App

Embracing the digital realm, Wegagen Bank officially launched its mobile banking application last week. The App was inaugurated in Dire Dewa City, with Yehwalashet Zewdu, vice president of the Bank Enterprise Services, showcasing its service that provides secure and seamless financial services. According to Yehwalashet, Wegagen Mobile meets the evolving needs of its clientele in Amharic, English, Afan Oromo, Tigrigna and Somali languages. Incorporated in 1997, Wegagen Bank has grown to become...


Radar

Zemen Bank Joins IFC's Trade Finance Program with $30m Boost

Zemen Bank has secured a 30 million dollar trade finance guarantee from the International Finance Corporation (IFC) to boost the trade finance operations. A member of the World Bank Group, IFC has welcomed Zemen as the newest member of its Global Trade Finance Program aimed at supporting exports and imports. Signed by Dereje Zenebe, president of Zemen Bank and Madalo Minofu, country manager of IFC, the trade financing is part of the one-billion-dollar Africa Trade & Supply Chain Finance P...


Back
WhatsApp
Telegram
Email