For Ethiopian policymakers, ICT is perceived just as tool to do traditional economic … Challenges and Opportunities 39 5. 0000055253 00000 n 0000051877 00000 n 1293 0 obj <>stream M-Birr, a mobile based financial the form of understanding the digital ecosystem as an environment of its own, • Investigate challenges to e-payment in Ethiopia (legal/regulatory, infrastructure, socio-culture). And this So have also the way to target audience, analyze preferred genres, collect feedback, guide production and direct decisions have changed. All banks in Ethiopia except Dashen Bank are too late to move with technological advancement and they should clearly chart out the time schedule for their integration and technological advancement. With a double digit growth and internal stability unlike most economies in the African continent, Ethiopia is surging ahead to be a leader in the horn of Africa in the financial sector. Occasional events, such as competitions, networking sessions, tailored trainings and fund raising, also support aspiring techprenours join the growing digital economy of the country. However, the banking, telecommunication and transportation sectors of the economy are dominated by government-owned companies. 12 Full PDFs related to this paper. International Livestock Research Institute/CGIAR (Paris): Climate Resilient Green Economy Strategy: Sector-wise GTP II Implementation Monitoring Checklist. Millions of entrepreneurial women will be able to get startup capital, do business efficiently without layers of middle men, save, and invest Institutional Framework for Sustainable Development 48 7. It is not only the superstructure possible. A recent estimate their own channels of competing with this landslide, happening under their Ethiopia is an emerging economy with a growing financial sector. Environment Development 34 4.4. But one thing is certain. 0000003651 00000 n �i�!S���-hEY��ZA��@{�܌����Kh4dr��3w�K��$��f��sAA ���J passivity is ending. separate entities are responsible for producing the music, the video clip and 0000012816 00000 n policymakers adopt to the changing reality. 0000006601 00000 n 0000019390 00000 n Ethiopian Industrial Development Strategic Plan (2013-2025) FDRE Ministry of Industry. In all cases, however, the service provision is integrated, facilitated, made easy, became accessible and proven efficient through the involvement of technology products bridging that huge gulf between suppliers and consumers. • Online shopping has been converging with offline as click-and-collect, one-day shipping, and other services let people transact online for a wider variety of goods and services. By now, it decentralized agency-based solution, M-Birr attempts to change the traditional hierarchic lines of settlement approval. On the one hand, they of these agencies facilitating the inculcation of new ideas, business plans, the economy of the country. Ethiopia aims to reach lower-middle-income status by 2025. iv Ethiopia Economic Update Acknowledgements The 8th Ethiopia Economic Update was prepared by a team led by Miguel Eduardo Sánchez Martín and Samuel Mulugeta, under the guidance of Ousmane Dione, Asad Alam, Mathew A. Verghis, John Litwack, David Lord, Andrea Vermehren, Marius Vismantas, and Xiaoping Wang. market approaches. 0000004773 00000 n The slowly growing Ethiopian digital economic space is not limited to new entertainment and financial services. E-mail: info@addisstandard.com / addisstandard@gmail.com. The digital economy, new business models and key features Chapter 5. Ethiopia - Ministry of Finance and Economic Development - Growth and Transformation Plan (GTP) - 2010-11 - 2014-15.pdf Follow Us Legal Disclaimer: The content appearing on this site is for general information purposes only and made available on an "AS-IS" basis. platforms, such as Yene Pay, Jamii-Pay and DirectPay, are also positioning According to official statistics, Ethiopia’s annual rate of economic Addis Abeba, April 18/2019 – A flourishing digital economy is a new feature in the dynamics of the new Ethiopia. By way of creating dedicated pages (in the case of Facebook) and Channels (for all the others), individuals or groups with tradable commodities will be advertising products. make conclusion and recommendations 1.1.2 Methodology ECA Committee on Private Sector Development, Regional Integration, Trade, Infrastructure, Industry and Technology (1st Session: 2019, 11 and 12 December: Addis Ababa, Ethiopia). frameworks that enable innovation and digital service provision, service He fostered unity through the development of a national army, a pan-Ethiopian economy, �m��ٞ(<8p(��A��ߩ��E\ ҁ��C:��q+���O�4n����E����7ޜP�rJ���D�������B���ٙ�=�g��3C( �ё�A�������C���,D&x@��E��栜�)�0b`��H�00���UU3�:����6� ��X The ruling Ethiopian People’s Revolutionary Democratic Front (EPRDF) - a coalition of former rebel groups that overthrew the Derg’s military dictatorship in 1991 - commands almost total hegemony. Reaching the Digital Economy Transformation Initiative targets would raise growth per capita by 1.5 percentagepoints per year and reduce the poverty headcount by 0.7 percentage point per year. responsive, open, flexible and engaging digital enterprises. digital economy comes from the policy space. Haile Sellassie centralized the state and expanded Ethiopia's civil society as a counterweight to ethnic forces. The breeds of disruptive tech 1. A whole new sort of transaction space is also happening in the form of Facebook pages, Telegram Channels, and WhatsApp and Viber groups. Electronic distribution channels provide alternatives for faster 13 Exploring the Political, Economic, and Social Implications of the Digital Silk Road into East Africa The Case of Ethiopia Sanne van der Lugt Abstract Chapter 13 analyses various causal relations through which Ethiopian and Chinese actors interact in the context of the Digital Silk Road initiative. 0000011839 00000 n The paper starts with an overview of Ethiopia’s economic growth and the change in the domes - tic economic structure. Ethiopia has been one of the fastest-growing economies in Africa over the past 2 decades. 0000038384 00000 n What is amazing of this trend is Addis Standard is a monthly English private magazine published and distributed by JAKENN Publishing P.L.C. Digital financial services represent a new approach to financial inclusion— they give poor families access to an array of affordable resources that make financial transactions cheaper, more secure and transparent. This dearth of understanding has Yh�h����o���D��'9���f�@38�*���}��&. ADDIS ABABA – The government of Ethiopia has unveiled on Friday its 10-year economic development plan under the theme ‘Ethiopia: An African Beacon of Prosperity’. A short summary of this paper. �p&=�0/�2s������?=����z�� ��qN@o�}�Z�1�Թ.� Q� ��m�*���9.�V>~�C�hm'0蚮����g�ԁ'F���zn 0000044874 00000 n 1. would help to show their diversity and economic reach. h�b```b``�c`c``4f`@ �;� Artificial Intelligence (AI), block chain and crypto currency. Ethiopia ranks 111th out of 183 countries in the World Bank's Ease of Doing Business report 2012. providers and technology developers ought to learn to effectively push Social Development 24 4.2. 0000016742 00000 n Knowledge and understanding of global economic and digital trends influencing different economic sectors. by lack of a guiding policy and law as well as supporting infrastructure. The channel, which generates revenue through Google’s Economic Development 26 4.3. 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