Ethiopia and Nigeria to Lead in Mobile Subscribers in Sub Saharan AfricaEthiopia and Nigeria are expected to lead in mobile subscribers in Sub-Saharan Africa by 2025, according to Africa Business Networking.

A new study from the GSMA has revealed that more than 160 million new mobile subscribers will be included in the region.

Accordingly, the number of mobile subscribers in Ethiopia will grow by 11 percent, while showing a 19 percent increase in Nigeria, the study indicated.

The Sub-Saharan Africa will remain the world’s fastest-growing mobile region over the coming years as millions of young African consumers become mobile users for the first time, according to the study.

It reveals that over 160 million new unique mobile subscribers will be added across the region by 2025, bringing the total to 623 million, up from 456 million in 2018.

The study calculates that the mobile ecosystem across Sub-Saharan Africa generated almost $150 billion in economic value last year – equivalent to 8.6 per cent of the region’s GDP. It is forecast to generate almost $185 billion (9.1 per cent of GDP) by 2023.

See More at: https://africabusinessnetworking.com/ethiopia-and-nigeria-to-lead-in-mobile-subscribers-in-sub-saharan-africa/ 

 

Ethiopian Minister Jack Ma Discuss Ways to Build Nations Digital EconomyEthiopian delegate led by Minister of Innovation and Technology Dr.-Ing. Getahun Mekuria met and held discussion with Jack Ma, Chairman of the Alibaba Group.   

While visiting the headquarters of Alibaba Group in China, the Minister and Jack Ma discussed ways to build Ethiopian digital economy.

They discussed the future of disruptive technologies on markets and society, it was indicated.

During the discussion, Jack Ma, a Chinese business magnate, agreed to consider potential investment in technology that will improve the daily lives of the people in the east Africa nation, according to Africa Business Networking.

In April, Ethiopian Prime Minister Dr Abiy Ahmed and his delegation visited the HQ of the e-commerce giant Alibaba, in Hangzhou, China.

Source: Africa Business Networking

See More at: https://africabusinessnetworking.com/jack-ma-ethiopian-minister-discuss-ways-to-build-nations-digital-economy/

 

 

Premier Launches Investment and Jobs Creation Natl CommitteePrime Minister Dr Abiy Ahmed has launched the Investment and Jobs Creation National Committee in the presence of Regional Chief Administrators and Federal Ministers.

The committee, Chaired by the Prime Minister, comprises the Deputy Prime Minister, Presidents of the nine regional states, the Addis Ababa and Dire Dawa Mayors, two representatives from the Prime Minister office and 10 Federal Ministries.

“Noting that Ethiopia has to unlock the full potential of the private sector with a view to creating sustainable and decent jobs, the Prime Minister reiterated the importance of putting the country on a path to a virtuous cycle of development,” said office of Prime Minister.

The national committee will ensure the creation of sustainable and decent work by aligning policy and institutional systems. It will also play a leading role in securing and expanding investments closely and ensure implementation of plans to increase investments and job creation.

The committee is also set to coordinate for effective outputs, the work of Federal and Regional entities and other stakeholders in creating a conducive investment environment to accelerate jobs creation.

See More at: https://fanabc.com/english/2019/08/premier-launches-investment-and-jobs-creation-natl-committee/

 

Ethio India Business Forum Held in Addis Ababa EthiopiaEthio-India business forum that brought 40 Ethiopian and Indian companies together was held in Addis Ababa.

Ethiopia’s Ministry of Foreign Affairs (MFA) statement said the business forum meant to attract foreign direct investment (FDI) and enhance business to business (B2B) ties between Ethiopia and India.

During the occasion, Ambassador Dawano Kedir, Economic Diplomacy Permanent Representative at Ethiopia’s MFA, remarked that the economic reform being undertaken in the country plays a crucial role in attracting foreign direct investment (FDI) and enhancing the role of the private sector.

The business forum is necessary to further cement the long-standing and historical ties between the two countries, he added.

General Secretary of Indo African Chamber of Commerce and Industry, Mrs. Sunanda Rajendran, commended Ethiopia’s efforts to create conducive business and investment environment.

She further stated that Indian investors are keen to invest in Ethiopia in textile, innovation technology, food and dairy processing and information technology sectors, it was indicated.

See More at: https://africabusinessnetworking.com/ethio-india-business-forum-held-in-addis-ababa-ethiopia/

 

Ministry Launches Online System to Enhance Business InteractionEthiopian Ministry of Mines and Petroleum saidit has launched online in a bid to enhance the interaction between the government and businesses.

The State Minister, Assefa Kumsanoted that the online system will enable business companies to interact with the ministry online without physical contact within and out of the country.

The online system which is integrated with regional states will have of a paramount importance in saving time and finance.

The new system called “Landfolio” is different from the previous ‘FlexiCadastre,’ as it will enable making licenses of companies accurate and identifying the challenges encountered in the sector without difficulty.

The Government of Ethiopia has developed the online system in collaboration with the Canadian International Resources and Development Institute, it was learned.

Project Officer, Fistum Assefa on his part said that the system would help to advance the quality of its services in the country and promote the mineral resources through providing relevant information.

See More at: https://africabusinessnetworking.com/ministry-launches-online-system-to-enhance-business-interaction/