Report Forecasts Ethiopia's Digital Growth in the Next Four Years


Report Forecasts Ethiopia's Digital Growth in the Next Four Years

Ethiopia's digital economy is expected to show significant growth contributing 1.3 trillion Br in the next four years, according to a latest report by Global System for Mobile Communications (GSMA). Dubbed "Driving Digital Transformation in Ethiopia," the report stated that investments in mobile technologies and telecom have contributed to the growth of agriculture, manufacturing and public services. The advances are set to create over a million jobs, contribute an additional 57 billion Br in tax revenue to the government, and connect over 50 million people through the internet by 2028. It indicates that the home-grown economic reform has contributed 700 billion Br to economic growth and increased mobile internet connections by 65pc with 4G network coverage expanding by eightfold. It shows a significant gap with 76pc of the population still lacking internet access, stating that targeted policy reforms are necessary to shrink the gap to 66pc. The report suggests the need to prioritise affordability, telecom reforms, device affordability, mobile money service, digital skills and governance services.

[ssba-buttons]

Radar

Parliament Enacts Solid Waste Management, Disposal Proclamation

Parliament has unanimously passed the solid waste management and disposal proclamation, marking a decisive move toward environmental sustainability. It mainly introduces stringent penalties for the use and distribution of single-use plastic bags, focusing on reducing pollution and promoting responsible waste practices. Under the new proclamation, individuals carrying plastic bags face fines ranging from 2,000 to 5,000 Br, while commercial producers, importers, and retailers may be fined betwe...


Radar

NBE Sustains Dollar Supply as Exchange Rate Rises

The US dollar rose to an average of 134.95 Br in the seventh round of the National Bank of Ethiopia's (NBE) foreign exchange auction held on June 5, 2025. This marks a steady increase from 133.17 Br in the previous round and 132.90 Br in the fifth. In the latest bi-weekly auction, the central bank offered 50 million dollars to 12 commercial banks. By comparison, 60 million dollars was supplied to 16 banks at 132.96 Br in early May. In April, two auctions distributed 70 million dollars to 26 b...


Radar

Holland Dairy Unveils Cold Facility, Reinforces Eco Goals Through New Treatment Plant

Holland Dairy has officially inaugurated a cold storage facility and commissioned a wastewater treatment plant, marking a significant step forward in its commitment to growth and sustainability. The event was attended by the Mayor of Bishoftu and the Ambassador of the Kingdom of the Netherlands to Ethiopia, showcasing both national and international support for the initiative. The new cold storage facility, with a capacity of over 400,000 liters of yogurt, is designed to enhance supply chain...