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Ethiopia: Investments in ICT Set to Enjoy Special Incentives, Privileges
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The Reporter (Addis Ababa)
8 December 2007
Posted to the web 10 December 2007
Hayal Alemayehu
The government will start providing special incentives and privileges for investments in the information and communication technologies, it was learnt.
The Council of Ministers has already issued directives to expand the granting of special incentives to the Information and Communication Technology (ICT) sector, according to the Ethiopian Information and Communications Technology Development Agency (EICTDA).
The granting of special incentives was reserved to a few areas of investments such as agriculture. The government embarked on the move to offer special incentives to the ICT sector in a bid to encourage private investment and to promote the inflow of foreign capital and technology to the country, according to information posted on EICTDA's website.
"While the details of the concessions and benefits allowed for investing in the ICT sector are yet to be worked out, the move indicates the government's firm commitment to the sector", EICTDA's latest statement read.
Ethiopia is considered to be one the countries highly investing in ICT considering the amount of investment they pour into the sector.
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Ethiopia's investment in ICT accounts for about ten percent of the country's GDP, according to Debretsion G. Michael, director general of EICTDA.
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