FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds



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.

[ssba-buttons]

Radar

MIDROC Picks Austrian Firm for Metekel Plant Machinery

MIDROC Gold Mining has contracted Austria-based CEMTEC (Cement & Mining Technology GmbH) to supply and install equipment for a new gold processing plant in Metekel Zone, Benishangul-Gumuz Regional State. Designed to process up to 1.25 million tn of gold-bearing ore a year, the facility is part of MIDROC's expansion in the area. Under the agreement, CEMTEC will manufacture the plant's key processing machinery and install it at the MIDROC Metekel Gold Plant. The equipment is scheduled for c...


Radar

Food Prices Push Inflation to 15.3pc

Ethiopia's inflation rate rose to 15.3pc in July 2026 from 13.7pc in the same month last year, reaching its highest level in the 13-month period covered by Ethiopian Statistics Service data. Food and non-alcoholic beverages exerted the greatest pressure on consumer prices, with inflation reaching 15.7pc. The increase was driven largely by higher prices for vegetables, meat, dairy products and eggs, fruit, oil and butter, sugar, honey and chocolate, bread and injera. Sugar, honey and chocol...


Radar

State Enterprises Post Revenue Gains in EIH Review

Ethiopian Investment Holdings (EIH) concluded the fourth day of its 2025/26 EFY Annual Performance Dialogue at its headquarters, reviewing key state-owned enterprises overseen by Deputy CEO Habtamu Hailemichael. The dialogue began on August 24, 2026, with the Development Bank of Ethiopia recording a 60pc increase in operating income to 15.9 billion Br. Despite structural and operational difficulties, Ethiopian Mineral Corporation reported year-on-year revenue growth of 48pc to 5.7 billion dol...