Tourism and Hospitality
Sector Highlights
– One of the Pathway of Digital Ethiopia 2025
– Rich history and cultural heritages
– Astounding landscapes and archaeology
– Increasing international tourism arrival
Current State:
– Efforts underway, improving Tourism and Hospitality Sector value chain –destination mapping, Tourism Info System, Virtual Tourism
Opportunity:
– Enhanced capacity for service providers in the tourism, hospitality and by large, service sector value chain.
Agriculture
Sector Highlights
– One of the Pathway of Digital Ethiopia 2025 : Unleashing value from Agriculture
– Low use of appropriate agri technologies
– Limited private investment
– Inadequate skills
– Weak market linkages
– Low usage of digital technology
Current State:
– Priority has been given to Livestock, High value commodities, Horticulture
Opportunity:
– Build resilient, inclusive, and sustainable agribusiness and agri-food system
Health
Sector Highlights
– Covered under one of the pathway of Digital Ethiopia 2025, Building the IT Enabled Services Sector
Current State:
– 10 years strategy and roadmap developed
– Digital Health Blueprint and Strategy put in place
Opportunity:
– Several incentives and investment / collaboration opportunities around personal care, pharmaceutical, newly approved practices ( office, group, medial plaza)
Banking & Finance
Sector Highlights:
By 2020, the National Bank of Ethiopia planned to increase the minimum capital for banks to operate to 2 billion birr ($90 million) and instructed all commercial banks to increase their capital.
Current state:
The Ethiopian banking sector is currently comprised of a central bank (The National Bank of Ethiopia or NBE), one state owned development bank, a government owned commercial bank and nineteen private banks operating in the country consisting of 8,250 branches, serving the country’s population of nearly 115 million.
Opportunity:
Ethiopia’s banking and finance sector has been almost entirely closed to foreigners. But that is soon expected to change as the Government of Ethiopia is aiming to introduce a suite of reforms that will open the sector to international competition with the goal of attracting foreign capital to improve the country’s competitiveness and contribute to its economic growth.
ICT / Digital Innovation
Sector Highlights
– One of the pathway of digital Ethiopia 2025
– MInT’s work to improve bandwidth capacity, sectoral reforms, and WoredaNet upgrade and modernization
– PPP proclamation and reform of power generation procurement, Ethiopian Electric Utility restructuring and corporatization, introduction of new electrification strategy (National Electrification Plan (NEP) 2.0), and transmission network expansion
Current State:
– Globally, the export of IT-enabled services is a still comparatively small sector
Opportunity:
– Provide infrastructure to high potential talent centers
– Identify and attract leading BPO , specifically ISSPs
– Fast and Reliable Internet Connectivity to Enable the adoption of new communication technologies
– Enhance digitally enabled logistics
– IT Parks need to be serviced with all the necessary amenities – mainly very fast and uninterrupted Internet connectivity
– Potential Timeline for Implementation
Construction & Real Estate
Sector Highlights
– The construction industry’s growth over the long term will also be supported by the government’s focus on improving ease of doing business in the country, with a specific focus on improving the processes involved in obtaining construction permits and getting credit.
Current State:
– The Ethiopian construction industry is expected to expand by a meaningful percentage due to demand in infrastructure development and rehabilitation in conflict areas of the country.
Opportunity:
– The Sector to register an annual average growth of 8.3% between 2022 and 2025, supported by investments in transport, electricity, tourism, manufacturing, and industrial park projects