The World Bank announced new support for Ethiopia's digital transformation. The institution is currently working on a new project called Digital Ethiopia Foundations, under which it plans to invest about $200 million to support the country’s digital economy. The announcement was recently made by Ousmane Dione, the World Bank's Country Director for Eritrea, Ethiopia, Southern Sudan, and Sudan.
According to him, the project will provide funds to further strengthen the regulator and to prepare the legal and regulatory elements of the digital ecosystem, in areas such as e-commerce and digital identification. The project will also support the development of digital government services, digital entrepreneurship, and provide a digital response to the Covid-19 pandemic.
The Digital Ethiopia Foundations project is part of the Digital Ethiopia 2025 strategy, an essential component of the local economic reform program and the 10-year national development plan (2020-2030) adopted by the country in 2019. It seeks to make Ethiopia a digital hub across the continent.
The liberalization of the telecommunications sector currently underway, which the World Bank has been assisting since 2019, is the initial phase of the country's digital transformation. Once this 2.0 transformation is effective, it will contribute to national development through sustainable and inclusive economic growth, better governance, and more efficient service delivery.
Muriel Edjo
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...
• Google unveils Veo 3, its latest AI tool for ultra-realistic video generation• Experts warn deepfa...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...
• Africa has $4 trillion in unexploited resources to finance its own development• Lack of structured, safe channels keeps these funds from...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société Générale Burkina Faso (SGBF).•The move is part of...
• Mali plans to increase its total cotton cultivation area to 672,000 hectares in the 2025/2026 season, marking a 7.8% or 50,000-hectare increase from the...
• Tanzania Railways Corporation inaugurated freight service on the Standard Gauge Railway (SGR) between Dar es Salaam and Dodoma.• The SGR is part of...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...