22 P a g e ETHIOPIA TECHNOLOGICAL Technology is the future and Ethiopia is

22 p a g e ethiopia technological technology is the

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22 | P a g e
ETHIOPIA TECHNOLOGICAL Technology is the future and Ethiopia is taking advantage of becoming the number one tech hub on the African continent. There is a promising future for Ethiopia if they continue on developing its technological sector. Though traditional sectors, such as agriculture and manufacturing have been key to the transformation of the Ethiopian economy, the current Prime Minister, Abiy Ahmed, remains firm on improving technology in the country. Under the new reign of Prime Minister Ahmed, Ethiopia has now adopted a 70:30 higher education policy for students. According to the Africa Business Magazine, the policy would involve training 70% of students in the field of technology and science, in contrast to 30% of the students, who would be trained in social science and humanities. In addition to this, the country has started to see more Science, Technology, and Engineering & Mathematics candidates in the Ethiopian job market, 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 created Government-sponsored incubators that would cater to Ethiopian business startups. If used this effectively there is a good chance at improving this sector and this might also make investing in this country more. The energy situation in Ethiopia is 96% hydro energy and 4% wind energy. Ethiopia's hydropower potential is estimated up to 45,000 MW and is the 2nd highest in Africa. Ethiopia is endowed with renewable energy sources. These include first of all hydro, but also wind, geothermal, solar as well as biomass. Only a small portion of the potential is harnessed today. Due to its fast economic growth the energy demand is increasing enormous. Therefore it is expected to rise by a rate of 10 -14 % per year till 2037. , the leveled cost of power supply for planed power plants is estimated at 0.067 USD per kWh, one of the lowest in the World. This makes investing in manufacturing plant in Ethiopia more attractive due to its low cost of energy. However recently there has been drought due to the hydro power and for this reason 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 improve it. As of January 2019 in Addis Ababa there are 2G/3G and 4G connection options. Despite the availability of 4G sim & connections speed for a mobile connection hardly reach 3 Mbit/s of download speed. Due to the energy crisis there have been many black outs and its interrupting the internet in the 23 | P a g e
country which is contributing to the losses in business in the country. There is many room for improvement in this sector and it should be dealt with if the country wants to improve in the tech sector.

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