Ethiopia’s Digital Economy to Contribute ETB 1.3 Trillion to GDP by 2028, Unlocking Jobs and Growth Through Telecom and Policy Reforms
Ethiopia’s digital economy could add over ETB 1.3 trillion to GDP by 2028, according to the GSMA’s new report, ‘Digital Economy Ethiopia Report: Opportunities, policy reforms and the role of mobile‘. The report highlights how telecom reforms and investments in mobile technology are catalyzing growth in key sectors such as agriculture, manufacturing, and public services. These advancements are expected to create over 1 million new jobs and generate an additional ETB 57 billion in tax revenues by 2028.
Mobile money, with 90 million registered accounts and 70 percent penetration, is a crucial driver of financial inclusion. As these services grow, they will play an increasingly important role in boosting both digital and financial inclusion, further contributing to the country’s economic development.