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Ethiopia is currently one of 19 remaining countries on earth without a true stock exchange. Without access to capital and investments, Ethiopia's economy is growing at a snail pace of 5.4% in 2017. The digital divide plays a major factor in this because without access to technology the economy cannot keep up with the rest of the world.
Only 360,000 people had Internet access in 2008, a penetration rate of 0.4%. [2] The state-owned Ethio Telecom (previously known as Ethiopian Telecommunications Corporation (ETC)) is the sole Internet service provider (ISP) in the country. Ethio Telecom comes in at very high prices which makes it difficult for private users to purchase it.
Around 2008, however, prices of laptops decreased substantially due to low-cost netbooks, drawing an average US$689 at U.S. retail stores in August 2008. Starting with the 2010s, laptops have decreased substantially in price at the low end due to inexpensive and low power Arm processors, less demanding operating systems such as ChromeOS, and SoC's.
While in favor of the One Laptop per Child initiative for providing education to children in the developing world at a cheaper rate, he has pointed out that a $2,000 library can serve 400 children, costing just $5 a child to bring access to a wide range of books in the local languages (such as Khmer or Nepali) and English; also, a $10,000 ...
Ethiopia's economy experienced strong, broad-based growth averaging 9.4% a year from 2010/11 to 2019/20. Ethiopia's real gross domestic product (GDP) growth slowed down to 6.1% in 2019/20 due to the COVID-19 pandemic. [80] Industry, mainly construction, and services accounted for most of the growth.
Ethiopia imposes a stamp duty on legal documents in the country. Items taxed under Stamp Duty include: memorandum, bonds, contract agreements, security deeds, collective agreement, contract of employment, leases, notarial acts, power of attorney, and documents of title to property. [10]
Due to the lack of progress in reducing the rate of poverty in Ethiopia, a map of marginality was created for the region to survey the state of poverty. [4] In Marginality as a Root Cause of Poverty: Identifying Marginality Hotspots in Ethiopia, Gatzweiler defines marginality as "an involuntary position and condition of an individual or group at the margins of social, political, economic ...
Safaricom Telecommunications Ethiopia P.L.C. (STE), previously known as Global Partnership for Ethiopia BV (GPE), is a subsidiary of the Kenyan mobile operator Safaricom in Ethiopia, [2] licensed with fee of US$850 million on 9 July 2021. [3] [4] This fee made it the single largest foreign direct investment into Ethiopia.