ADDIS ABABA– First ever draft electronic transaction proclamation prepared by the Ministry of Innovation and Technology was tabled for discussion yesterday.
Banks, private enterprises other stakeholders took part in the discussion of the draft proclamation which is expected to facilitate electronic transactions in the country.
Speaking at the discussion forum, Eng. Getahun Mekuria (PhD) Minister of Innovation and Technology said that Ethiopia experiences low electronic transactions due to lack of required
legislations and incompetence and other factors.
The draft proclamation will offer legal protection to financial and non financial institutions doing electronic transactions. In turn, it helps to counter illegal transaction, the Minister added.
“To improve national efficiency, the Ministry is striving to digitalize the economy as well as foster e-governance”, he added.
The proclamation also would allow the use of electronic money under legal circumstances. The fact that Ethiopia stands 159th on World Ease of Doing Business list is mainly due to poor electronic transactions, as to him.
The Ethiopian Herald April 19, 2019
BY YESUF ENDRIS
