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ETHIOPIATECHNOLOGICALTechnology is the future and Ethiopia is taking advantage of becoming the number one tech hub on theAfrican continent. There is a promising future for Ethiopia if they continue on developing itstechnological sector. Though traditional sectors, such as agriculture and manufacturing have been key tothe transformation of the Ethiopian economy, the current Prime Minister, Abiy Ahmed, remains firm onimproving technology in the country. Under the new reign of Prime Minister Ahmed, Ethiopia has nowadopted a 70:30 higher education policy for students. According to the Africa Business Magazine, thepolicy would involve training 70% of students in the field of technology and science, in contrast to 30% ofthe students, who would be trained in social science and humanities. In addition to this, the country hasstarted to see more Science, Technology, and Engineering & Mathematics candidates in the Ethiopian jobmarket, which has proved to be very promising for the country’s tech ambitions.Ethiopia’s minister of innovation and technology, Getahun Mekuria and ministry have createdGovernment-sponsored incubators that would cater to Ethiopian business startups. If used thiseffectively there is a good chance at improving this sector and this might also make investing in thiscountry more.The energy situation in Ethiopia is 96% hydro energy and 4% wind energy. Ethiopia's hydropowerpotential is estimated up to 45,000 MW and is the 2nd highest in Africa. Ethiopia is endowed withrenewable energy sources. These include first of all hydro, but also wind, geothermal, solar as well asbiomass. Only a small portion of the potential is harnessed today. Due to its fast economic growth theenergy demand is increasing enormous. Therefore it is expected to rise by a rate of 10 -14 % per year till2037. , the leveled cost of power supply for planed power plants is estimated at 0.067 USD per kWh, oneof the lowest in the World. This makes investing in manufacturing plant in Ethiopia more attractive dueto its low cost of energy. However recently there has been drought due to the hydro power and for thisreason the country is facing energy crisis due to rationalizing of energy.In any technological advancement internet availability is very important and Ethiopia is trying to improveit. As of January 2019 in Addis Ababa there are 2G/3G and 4G connection options. Despite theavailability of 4G sim & connections speed for a mobile connection hardly reach 3 Mbit/s of downloadspeed. Due to the energy crisis there have been many black outs and its interrupting the internet in the23 | P a g e
country which is contributing to the losses in business in the country. There is many room forimprovement in this sector and it should be dealt with if the country wants to improve in the tech sector.