Ethiopian Parliament Greenlights Landmark Startup Proclamation
Ethiopia has taken a significant step towards fostering innovation and entrepreneurship with the unanimous approval of the Ethiopian Startup Proclamation by the House of People’s Representatives. This new legislation, passed during a recent emergency session, signals a strong commitment to building a vibrant, innovation-driven economy within the country.
# Paving the Way for a Thriving Startup Ecosystem
Dr. Negeri Lencho, Chairman of the Standing Committee on Human Resources, Employment, and Technology Affairs, emphasized the proclamation’s importance in unlocking Ethiopia’s potential and enabling it to compete globally. The Startup Proclamation aims to create a supportive environment for startups across the nation. Its implementation will extend to federal, regional, and city government levels, ensuring a unified and coordinated national strategy for promoting and nurturing entrepreneurial ventures. This harmonized approach is expected to significantly impact the growth of the Ethiopian tech ecosystem and empower the country’s talented entrepreneurs.
The Ethiopian Startup Proclamation represents a crucial development for the country’s economic future, promising to unlock innovation, drive job creation, and position Ethiopia as a competitive player in the global startup landscape.
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