Ethiopia enacts long-awaited startup law to boost digital economy
- Ethiopia's Council of Ministers ratified the 'Startup Business Proclamation' after nearly five years of consultations.
- The new law provides a formal definition for startups and establishes a National Startup Council.
- Five percent of all government ICT procurement tenders will be reserved for startups.
The approval of Ethiopia's startup law is a significant milestone that could transform the entrepreneurial landscape in the country. However, the real test lies in the effective implementation of the law and the ability of the newly established bodies to deliver on their promises. Stakeholders must remain vigilant to ensure that the law translates into tangible benefits for startups.
