Ethiopia<\/span><\/span> \u2019s new drive in establishing a\u00a0digital economy<\/span><\/span>\u00a0has taken a giant step forward with the adoption of the new draft Proclamation on E-transaction last Saturday. When approved by Parliament, the Proclamation will create a thorough regulatory platform for the use of electronic means in all transaction procedures.<\/p>\n

Tuned in the context of the growing need for the utilization of information and communication technology across all spheres of communication, the law will for the first time establish a clear legal foundation for governmental and private institutions to offer digital services \u2013 i.e., the provision of e-commerce and e-government services and the interchange and storage of data through the use of electronic transactions, electronic records, signatures and electronic data-messages.<\/p>\n

A crucial step in building a modern economy towards a\u00a0prosperous Ethiopia<\/span><\/span>, the law will basically serve as a digital medium for all existing legal frameworks on trade, taxation, recognition of documents, signature seal, witnesses, digital payments<\/span><\/span>, consumer protection, and data integrity \u2013 without amending their substance.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethiopia \u2019s new drive in establishing a\u00a0digital economy\u00a0has taken a giant step forward with the adoption of the new draft Proclamation on E-transaction last Saturday. When approved by Parliament, the Proclamation will create a thorough regulatory platform for the use of electronic means in all transaction procedures. Tuned in the context of the growing need …<\/p>\n","protected":false},"author":25,"featured_media":15517,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-15516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-embassy-news"],"jetpack_featured_media_url":"https:\/\/ethiopianembassy.be\/wp-content\/uploads\/pm-2.jpg","_links":{"self":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/15516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15516"}],"version-history":[{"count":1,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/15516\/revisions"}],"predecessor-version":[{"id":15518,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/15516\/revisions\/15518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/media\/15517"}],"wp:attachment":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}