Ethiopia holds forum to strengthen digital finance regulation

In Addis Ababa, the Information Network Security Administration has convened a discussion forum with various institutions to bolster digital finance regulation. The event operates under the motto “Secure Digital Finance for National Development.”

On Megabit 19, 2018 (EFM), in Addis Ababa, the Information Network Security Administration convened a discussion forum with various institutions and stakeholders.
The administration emphasized efforts to strengthen digital finance regulation with a focus on cybersecurity.

INSA Director General Tegegne Hamid stated that technological advancement plays a crucial role in digital economy growth.
He noted ongoing efforts under Digital Ethiopia 2025 and 2030 strategies to position the country as Africa's leading digital economy hub through service expansion.

Justice Minister Hana Araia Selassie highlighted Ethiopia's recent successes in the digital sector.
She described digital finance regulation as a double-edged sword posing risks to national and global security and legality.
Institutions must collaborate to build capacity and ensure national accountability, she added.

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