With a $200 million investment, the World Bank has announced new funding for Ethiopia’s digital transformation.
The organization is currently working on a new initiative named Digital Ethiopia Foundations, in which it aims to spend approximately $200 million to support the country’s digital economy.
Ousmane Dione, the World Bank’s Country Director for Eritrea, Ethiopia, Southern Sudan, and Sudan, made the announcement recently.
The project, according to Mr. Dione, will provide funds to improve the regulator and prepare the legal and regulatory elements of the digital environment, such as e-commerce and digital identification.
The project will also help to build digital government services, as well as digital entrepreneurship and a digital response to the Covid-19 pandemic.
The Digital Ethiopia Foundations project is part of the Digital Ethiopia 2025 strategy, which is an important part of Ethiopia’s local economic reform program and the country’s 10-year national development plan (2020-2030), which aims to make Ethiopia a digital hub for the continent.
The Digital Ethiopia Foundations initiative is part of the Digital Ethiopia 2025 policy, which is an important part of Ethiopia’s local economic transformation program and the country’s 10-year national development plan (2020-2030), which aims to make Ethiopia a digital center for the continent.
Once implemented, the 2.0 transition would lead to national prosperity by promoting balanced and equitable economic growth, improved governance, and more reliable service delivery.