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Legal Framework to Enhance Investment in Ethiopia's Digital Economy Being Prepared, Ministry Says


A legal framework that will strengthen the involvement of the Ethiopian diaspora in the digital economy and investment is being prepared, the Ministry of Innovation and Technology announced.

The effort is subsequent to the overall call of the Ethiopian government to the Ethiopian diaspora to be involved in various sectors with their resources, experience, skills, and knowledge. In line with this, the government is making several efforts to prepare new legal frameworks, as well as lay down policies and strategies, it has been learned.

Huria Ali, State Minister of Innovation and Technology, said a survey has been conducted with the aim of ultimately strengthening the involvement of the private sector and the diaspora in the digital economy. The implementation of a portal dedicated to this cause is also underway, she added.

Online transactions and payments, as well as several other ideas and their implementation, have been given due consideration in the new legal framework, Mrs. Huria pointed out. She also expressed her confidence that the new legal framework will address several issues that have thus far been raised in this regard.

The legal framework for the digital economy and investment will enable various institutions and stakeholders to work together, the state minister added, emphasizing this will be crucial to strengthen the digital economy.

Ethiopia's e-commerce potential is said to be worth over $300 billion. 

Source: ENA (Amharic)