A big stride towards a digital economy

As the world becomes increasingly interconnected, a robust digital economy has become a priority for many nations. For this reason, governments have been throwing their full weight behind digitalizing their economy harnessing technologies of the time. Similarly, the Ethiopian government has recognized the significance of harnessing the power of digital technologies to spur economic growth and resilience.

With the leadership’s unwavering resolve, significant strides have been made in building a digital economy in the last few years. Now, sectors are coming up with different plants to chart courses as of the digital Ethiopia ambition. The incumbent also digitized many public services through initiatives like the Ethiopian National Digital ID program. This has improved service delivery.

From the telecom to the banking industry, institutions have also expanded access to digital service delivery. The country has also made significant progress in the development of digital infrastructure. A notable change is in the telecommunication industry. The country has invested heavily in building its telecommunications network, with several major operators offering high-speed internet services to urban and rural areas. This has enabled businesses to operate more efficiently, and individuals to access information and services online.

The government has also been working to develop a skilled workforce that is equipped to take advantage of the opportunities presented by the digital economy. This includes programs promoting digital literacy, coding skills, and entrepreneurship. All in all, the government has accorded high emphasis to fostering a digital economy. The country launched a digital transformation strategy in 2025. The strategy includes five priorities: implementation of a digital ID, digital payments, e-governance, e-commerce and cyber security.

On Wednesday, STRIDE Ethiopia 2024 Expo was kicked off and a panel discussion was held at the Science Museum with Deputy Prime Minister and other high-ranking officials in attendance.

Ethiopia has attached immense attention to digital transformation to facilitate social and economic development, improve public service delivery and create more jobs, Temesegen Tiruneh said.

Speaking at the event hosted by the Ministry of Innovation and Technology Temesgen noted that several initiatives have been designed to realize digital Ethiopia 2025 and to ensure digital economy transformation.

The country has established a digital transformation council to address collaboration gaps between the private and government institutions to facilitate digital transformation and implement cost-efficient systems and others. “Furthermore, the effort requires narrowing the digital divide and literacy gaps.

There is also a call on the private sector to increase participation and investment in the digital economy. With its strong foundation in place, including e-commerce platforms, digital infrastructure, and a growing workforce with skills in demand, there is tremendous potential for growth and innovation.

However, despite the developments and opportunities, there are still several challenges that need to be addressed if the country is to realize its full potential as a digital economy. One of the key challenges is the need for more robust cyber security measures to protect against hacking and data breaches. Additionally, there is a need for more affordable and reliable internet access in rural areas, where many people are still disconnected from the online world.


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