However, government-led initiatives in recent years are starting to turn the tide, waking the highly overlooked market up to promising opportunities, especially when it comes to its tech startup ecosystem. What’s more, it is preparing to enact the Ethiopia Startup Act. “These measures have made it easier for entrepreneurs to start and run their businesses, contributing to the overall growth of the startup ecosystem. With a population second only to Nigeria’s over 200 million, Ethiopia is one of the fastest-growing economies in Africa (at an average of 9.5 percent annually). Now, the administration’s efforts are gradually starting to pay off, metamorphosing a nascent tech scene and creating employment.

Source: Ethiopian News December 12, 2023 15:28 UTC