Ethiopia is technologically ready to launch electronic transaction services, Ethiopia's Ministry of Innovation and Technology disclosed during a consultative discussion with members of the parliament on the newly drafted electronic transaction proclamation.

Abraham Belay (Ph.D.), Ethiopia's Minister of Innovation and Technology, said Ethiopia is now ready to transact goods or services using cell phones and related technological devices.

Considered a crucial factor in facilitating a clear legal foundation for e-payment for both government-owned and private institutions, it comes as a much-anticipated move in a country of over 45.6 million mobile subscribers. Of these, 22.7 million use the internet and 12 million own smartphones, according to government statistics.

The level of technological development in Ethiopia "is good enough to begin e-transaction,” Dr. Abraham said, highlighting it will offer a solution "that enables individuals to access digital services from anywhere using their mobile phones avoiding physical contacts.”

The ministry also claims the draft proclamation “is a supportive legal instrument for the existing trade and service laws”.

Following the discussion on the draft proclamation, the standing committee advised the Ministry of Innovation and Technology to incorporate provisions on accessibility and language issues, aimed at making the transaction technology operational soon.

The standing committee has requested the draft bill be presented back with the suggested amendments in a week's time.

Source: Ethiopian Monitor