Digital Transformation Forum Attracts Hundreds Across Africa

Oct 7 , 2023

Close to 300 participants hailed from 41 countries to attend the International Annual Regional Development Forum last week. The three-day event was organised by the International Telecom Union partnering with the Ministry of Innovation & Technology. The forum focusing on digital transformation and its future outlined the challenges and opportunities for advancing technology growth in Africa. In the discussion, panellists indicated the importance of investing in infrastructure, providing access to digital technology, and improving access to finance. Belete Molla (PhD), Minister of Innovation & Technology, told attendees the necessity of innovation for African countries to compete in the global economy, emphasising the need for infrastructure and policies that will enable digital transformation and innovation to take place. The digital milestones and the urgency for action were discussed while universal and meaningful connectivity was addressed.


Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Authority Reports Fuel Import Stats

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Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...