Tourism and Hospitality
– One of the Pathway of Digital Ethiopia 2025
– Rich history and cultural heritages
– Astounding landscapes and archaeology
– Increasing international tourism arrival
– Efforts underway, improving Tourism and Hospitality Sector value chain –destination mapping, Tourism Info System, Virtual Tourism
– Enhanced capacity for service providers in the tourism, hospitality and by large, service sector value chain.
– 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
– Priority has been given to Livestock, High value commodities, Horticulture
– Build resilient, inclusive, and sustainable agribusiness and agri-food system
– Covered under one of the pathway of Digital Ethiopia 2025, Building the IT Enabled Services Sector
– 10 years strategy and roadmap developed
– Digital Health Blueprint and Strategy put in place
– Several incentives and investment / collaboration opportunities around personal care, pharmaceutical, newly approved practices ( office, group, medial plaza)
– One of the Pathway of Digital Ethiopia 2025
– Rebuilding educational institute
– Strategy and Education Roadmap is presented for 2018-2030
– Government has been engaged in a major effort to transform Ethiopian society and place the country on a trajectory to become a lower middle-income economy by the year, 2030.
– To provide assistance to develop the Ministry of Education into an effective, accountable, fully funded and functioning public institution that facilitates education for all.
– Short-term or summer teaching and research visitations
– Organizing seminars, workshops and conferences
– Partnerships and collaborations on research projects (virtually and in-person)
– Resource sharing – providing access to funding, data, research and technology
– Serving as mentors and advisors
– Co-creating and reviewing teaching curricula and PhD training materials
– Investing in institutional advancement initiatives
ICT / Digital Innovation
– 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
– Globally, the export of IT-enabled services is a still comparatively small sector
– 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
– 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.
– 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.
– 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
Banking & Finance
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.
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.
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.