Ethiopia is setting its sights on becoming a continental leader in startup innovation.
Following the launching of the Startup Ethiopia Forum yesterday in the presence of Prime Minister Abiy Ahmed, a panel discussion was held at the Science Museum today.
Speaking on the occasion, Labor and Skill Minister Muferihat Kamil emphasized the government’s proactive approach in supporting startups.
The minister also stressed the crucial role of collaboration between government institutions, the private sector, and international partners in nurturing the young businesses.
Industry Minister Melaku Alebel pointed out on his part the strategic importance of startups, particularly those in the technology sector.
“ICT is among the top priorities of the economic sector, and these startups will catalyze progress in other sectors,” he added.
He also underscored the need for an enabling environment, including access to finance and international networks, to empower Ethiopian startups and contribute to the country’s economic development.
Innovation and Technology State Minister, Baysa Bedada said “the enabling conditions the government has been creating since the reform implemented has been creating fertile ground for startups in the country to increase into an impressive 900 from 50 before the reform a few years ago.”
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