Ethiopia positions digital transformation and skills development as economic drivers

Ethiopia has positioned digital transformation, skills development, and macroeconomic reform as key drivers of economic competitiveness and investment-led growth. This was highlighted at the opening of the Elevate Africa 2026 forum in Addis Ababa on Tuesday. The event brings together global leaders to explore opportunities in the digital services and outsourcing ecosystem.

The Elevate Africa 2026 forum opened in Addis Ababa, convened by CCI Global in collaboration with Ethiopian Investment Holdings and MMCY. This three-day continental event gathers more than 150 participants, including government officials, corporate executives, investors, and innovation leaders. Discussions are held at Minab Spa within Jubilee Palace in the Ethiopian capital.

In his opening remarks, Eyob Tekalign, Governor of the National Bank of Ethiopia, presented Ethiopia's structural reform agenda and digital transformation as pillars of macroeconomic stability and productivity enhancement. He explained that the Homegrown Economic Reform Program (HGER) aims to address structural challenges, strengthen private sector participation, modernize economic institutions, and improve productivity across strategic sectors. A core element of the program is macroeconomic stabilization, which includes enhancing fiscal discipline, improving foreign exchange management, and fostering an investment-friendly environment.

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Dr. Fitsum Assefa announces Ethiopia's strong economic growth at Prosperity Party meeting in Addis Ababa.
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Ethiopia registers strong economic growth, says Fitsum Assefa

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The Prosperity Party's executive committee concluded its three-day regular meeting in Addis Ababa. Minister of Planning and Development Fitsum Assefa (Dr.) stated that Ethiopia is registering strong and quality economic growth. The meeting discussed national and party issues.

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The 9th Africa Business Forum, organized by the United Nations Economic Commission for Africa, opened in Addis Ababa on Monday. Leaders and entrepreneurs gathered under the theme 'Financing Africa’s Future' amid global economic challenges. Executive Secretary Claver Gatete highlighted Africa's potential as a growth engine through productive employment for its young workforce.

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Ethiopia, ranked 130th in the 2024 Global Innovation Index, can learn from Switzerland's top position to boost its economy from factor-driven to innovation-driven. The analysis highlights gaps across seven pillars, urging improvements in institutions, education, and infrastructure. By 2030, Ethiopia aims to expand manufacturing and digital access significantly.

Egypt is seeking to align international development support with state fiscal reform priorities to maximise the effectiveness of technical and financial aid, Deputy Finance Minister for Fiscal Policy Yasser Sobhi said on Saturday. Speaking at the third annual meeting of the Public Financial Management coordination committee, Sobhi stated that the ministry is committed to completing its management development path by deepening cooperation with international partners. This coordination aims to support the implementation of reform efforts, stimulate economic growth, and improve the efficiency of public services and social protection programmes.

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Addis Ababa will host the 9th round of Ethiopia's Basic Infrastructure Development and Construction Week starting today. The event runs from Miazia 9 to 12, 2018 EC. Its guiding principle is 'Ethiopia is rising! Creation, speed and quality for basic development'.

 

 

 

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