Juan Gimenez’s Post

#Ethiopia’s digital economy to contribute ETB 1.3 trillion to GDP by 2028 Ethiopia's digital economy is projected to contribute ETB 1.3 trillion to GDP by 2028, according to the Global System for Mobile Communications Association (#GSMA). The growth stems from telecom reforms, increased mobile internet adoption, and mobile money services, with expectations of one million new jobs and ETB 57 billion in tax revenues. GSMA reports that under Ethiopia's Home-Grown Economic Reform program, mobile internet usage increased by 65% with 4G coverage expanding eightfold. The report states that competition between ethio telecom and Safaricom Telecommunications Ethiopia PLC helped the sector contribute ETB 700 billion to GDP by 2023. Despite network coverage, 76% of Ethiopians do not use mobile internet, with a significant gender gap in access. GSMA recommends policy changes to improve affordability and digital literacy to address these disparities. The organization's findings show mobile money services have reached 90 million registered accounts in Ethiopia.Recommendations to accelerate Ethiopia’s digital transformation include reducing mobile service taxes, improving infrastructure, and expanding e-government services to underserved areas. https://lnkd.in/eQEyGpuD

#JSABudgetPulse2025 Our partner, Tony Verghese, has authored a thought-provoking article titled “Budget 2025-26: Priorities for Pushing Growth in the Telecom Sector and Local Manufacturing.” This insightful piece has recently been published online in The New Indian Express. In this article, Tony delves into the critical priorities shaping the future of the telecom industry and enhancing local manufacturing capabilities. His analysis provides valuable perspectives for stakeholders across various sectors. We invite you to read the full article and gain insights into these pressing topics. You can access it here: https://lnkd.in/dX5d-6hH #JSA #LeadingLawyers #LeadingLawFirm #JSAInsights #JSAThoughtLeadership #Telecom #LocalManufacturing #Budget2025 #IndustryInsights

🔹 Italy’s GDP has finally exceeded its pre-Great Financial Crisis peak: Istat data shows upward GDP revisions, marking a significant milestone for Italy’s economic recovery. However, it still lags behind other eurozone economies. To know more about this and other key events in Italy during September, read our new Monthly Brief; you will find reflections on Italy’s medium-term structural budget and the first use of Italy's new "strategic investments" law, as well as our usual list of key developments from the month. 📖 Read more here: https://bit.ly/3Nmej06 🔹 Visit the LUHNIP Website at: https://lnkd.in/e_AuSBfd 🔹 Join the Whatsapp channel at: https://t.co/dktLTwvU4A 🔹 Subscribe to the LEAP Newsletter: https://bit.ly/48gcda3 Lorenzo Moretti Giovanni Pacchiardi Giulio Petrillo Luiss Guido Carli University #PoliticalEconomy #GDP #ItalyEconomy #FiscalPolicy #FDI #LUHNIP

ICT sector - value added, employment and R&D In 2021, value added by the EU’s ICT sector was equivalent to 5.5 % of GDP https://lnkd.in/gUNiFWpy #Eurostat #StatisticsExplained

𝐆𝐒𝐌𝐀 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐟𝐨𝐫 𝐄𝐭𝐡𝐢𝐨𝐩𝐢𝐚'𝐬 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 A new report titled "Driving Digital Transformation of the Economy in Ethiopia," released today by GSMA, emphasizes the vast economic potential of Ethiopia's digital transformation. The report, presented during the Digital Transformation for Ethiopia Economic Reporting Programme, outlines the impact of digitalization on various sectors of the Ethiopian economy. According to the report, the implementation of the Digital Ethiopia 2025 plan has significantly expanded the country’s telecom #infrastructure. Reforms in the #telecom sector have led to a 50% increase in 3G network distribution and an eightfold expansion in 4G network coverage. Currently, there are 43.5 million mobile internet users in #Ethiopia, a figure that could rise to 62.1 million by 2028 without further reforms. However, the report notes that if key policy reforms were enacted, an additional 30 million #Ethiopians could gain internet access, pushing the total to #73.4 million users. The recommended reforms include revising taxes and levies on digital services, accelerating telecom reforms, creating fair taxation on mobile money services, and improving digital education, digital identification, and government services. The economic impact of such reforms would be transformative. By 2028, Ethiopia could see an additional 319 billion birr in economic contributions across agriculture, industry, trade, transportation, health, and government services. These sectors would also generate up to 480,000 new jobs. In agriculture alone, the reforms could contribute 134 billion birr and create 1.5 million additional jobs. Currently, Ethiopia’s digital ecosystem and telecom sector contribute 700 billion birr, accounting for 8% of the country's #GDP, and generate $57 billion in tax revenues. If the suggested reforms are implemented, this contribution could grow to $962 billion by 2028. This report underscores the immense potential digital growth holds for Ethiopia’s economic future. Read full report here: https://shorturl.at/Gn5Rt

Exciting times ahead for businesses driving our nation's economic progress! 🌍📈 Wishing continued success to all the companies working hard to increase our exports and boost the national GDP. Your innovation, resilience, and dedication are key to putting our country on the global map. Let's continue to support local industries, create jobs, and push boundaries for a prosperous future. Together, we can achieve greater growth and make a lasting impact! 💼🚀 #EconomicGrowth #Exports #Innovation #GDP #BusinessSuccess

🔹 Italy’s GDP has finally exceeded its pre-Great Financial Crisis peak: Istat data shows upward revisions of GDP, marking a significant milestone for Italy’s economic recovery, though it still lags behind other eurozone economies. To know more about this and other key events in Italy during September, read our new Monthly Brief; you will find reflections on Italy’s medium term structural budget and on the first use of Italy's new "strategic investments" law, as well as our usual list of key developments from the month. 📖 Read more here: https://bit.ly/3Nmej06 🔹 Visit the LUHNIP Website at: https://lnkd.in/e_AuSBfd 🔹 Join the Whatsapp channel at: https://t.co/dktLTwvU4A 🔹 Subscribe to the LEAP Newsletter: https://bit.ly/48gcda3 Giovanni Pacchiardi Giulio Petrillo Luiss Institute for European Analysis and Policy Luiss Guido Carli University #PoliticalEconomy #GDP #ItalyEconomy #FiscalPolicy #FDI #LUHNIP

Over the past two decades, the mobile economy in Sub-Saharan Africa (SSA) has experienced remarkable growth. By the end of 2021, 515 million people in the region subscribed to mobile services—a number projected to reach 613 million by 2025. In 2021, the mobile sector contributed 8% to the region’s GDP, equivalent to over USD 140 billion in economic value. However, despite this progress, challenges remain. In 2022, the usage gap stood at 61%, while the coverage gap affected 17% of the population—nearly one-fifth of the region. One key issue is the significant tax burden on the mobile sector, which includes both consumer and operator-specific taxes. High consumer taxes make mobile devices and services less affordable, while taxes on operators limit their capacity to invest in expanding network coverage. Addressing these challenges is crucial for further unlocking the potential of mobile connectivity across SSA. Read more on this in our report: https://lnkd.in/dgzJjFEp

Article: Digital Progression and Economic Growth: Analyzing the Impact of ICT Advancements on the GDP of European Union Countries 👉https://lnkd.in/g-6e6zzt @MDPISocialsci @MDPIOpenAccess @Economies_MDPI #economic_growth #gross_domestic_product #digital_technology_integration #artificial_intelligence

The Economic Survey highlights the Indian government's pivotal role in attracting Global Capability Centers (GCCs) through initiatives like Digital India, simplified tax regimes, and flexible labor laws. These measures have helped India become a preferred destination for GCCs, with a forecasted 20% increase in their presence by 2025. The survey emphasizes the government's efforts in creating a conducive environment for business, which has significantly contributed to the growth of the GCC sector. For more details, visit the full article [here](https://lnkd.in/dDR45gUX).