ADDIS ABABA – Ethiopia is moving forward in facilitating e-transection with new e-transaction bill, green lighted by Prime Minister Abiy Ahmed’s cabinet last April 6, 2020, awaiting for parliamentary approval.
The bill is said to spur both domestic and foreign investment easing doing business in the country.
Mekonen Hailu, Public Relations Director with the Investment Commission told The Ethiopian Herald that the draft proclamation is part of Ethiopia’s economic reform which foresees to introduce digital economy in the country.
To him, when coming to force, the draft bill will ease entry to new business while reducing investors’ hassling to get various services.
Ethiopia is striving to upgrade its status on ease of doing business, hence, the platform has crucial role in making procedures simple and accessible.
Foreign companies are showing keen interest in investing in Ethiopia as the country has favorable investment climate in addition to being the second most populous nation in Africa, he said.
In the meantime, the Commission is working on digital development. Adding, he said online registration of investors and installation of one window service for each industrial parks and investment related offices has been put to effect.
The Ethiopian Herald April 17/2020
BY YESUF ENDRIS
