Addis Ababa, May 06, 2020 (FBC) – Innovation and Technology Ministry today announced that Ethiopia is now technologically well equipped to launch electronic transaction.
This was indicated when the ministry discussed the electronic transaction draft bill with human resource and technology standing committee of the House of Peoples Representatives (HPR).
Constructive ideas and recommendations have been obtained from the meeting with the standing committee so that the country run the new transaction system with full preparedness, said Dr. Abrham Belay Minister of Innovation and Technology.
Dr. Abrham explained that an electronic transaction is the sale or purchase of goods or services, whether between businesses, households, individuals, governments, and other public or private organizations using mobile cell phones and related technological devices.
He said further efforts are needed to run the proposed electronic transaction system with fullest capacities.
A legal procedure underway to launch the new transaction system has a paramount significance to equally accommodate interests of both paper and computer based segments of societies there by facilitate conducive economic atmosphere and ensure good governance in the country, Dr. Abrham elaborated.
Dr. Abrham said “the draft bill awaiting the approval of the parliament is a supportive legal instrument for the existing trade and service laws” adding “It is a best solution that enables individuals to access digital services from anywhere using their mobile phones avoiding physical contacts.”
The standing committee urged the ministry to incorporate the recommendations it forwarded so as to make the transaction technology operational soon.