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Ethiopia edges closer to adopting digital national IDs

1 min Read September 8, 2023 at 1:33 PM UTC

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Highlights

  • Ethiopia has taken steps towards adopting digital IDs after it picked Madras Security Printers Private Limited as its partner for printing the documents. 
  • The company presented a bid worth $300,000 and is set to produce 1 million digital IDs, also known as Fayda. The firm is set to produce pre-customised cards as part of the contract. 
  • These digital identity documents will include biometric information, which will authenticate Ethiopians to access various public services and verify their identity when opening new bank accounts.

Source: TechCabal


Our Takeaway

Africa’s digital economy is growing fast, with a population of 1.4 billion. However, according to the World Bank, around 500 million Africans still lack proper identification documents as of 2020. This highlights the importance of identity verification solutions in closing the identity gap and supporting Africa’s digital economy. As digital ID adoption continues around the world, a number of countries in Africa including Malawi, Nigeria, and Tanzania, are working to ensure that their citizens can easily obtain an ID—albeit often with different approaches. 

This material has been presented for informational and educational purposes only. The views expressed in the articles above are generalized and may not be appropriate for all investors. The information contained in this article should not be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product. There is no guarantee that past performance will recur or result in a positive outcome. Carefully consider your financial situation, including investment objective, time horizon, risk tolerance, and fees prior to making any investment decisions. No level of diversification or asset allocation can ensure profits or guarantee against losses. Articles do not reflect the views of DABA ADVISORS LLC and do not provide investment advice to Daba’s clients. Daba is not engaged in rendering tax, legal or accounting advice. Please consult a qualified professional for this type of service.

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