The Ethiopian government reportedly lost an estimation of at least $100 million from the internet shutdown measures imposed in July by the country’s government.
The statistics was disclosed by Netblocks, a company that monitors internet freedom across the world. Netblocks revealed that they calculated estimated loss from the terms of the direct economic cost.
According to the company, Ethiopia ran a bill in excess of $4.5 million daily of the internet shutdown, in terms of the economic impacts to the country’s GDP.
The cost calculated involved using tools from the Telecom industry and the development indicators and the destruction of Ethiopia’s digital prosperity.
The Ethiopian internet shutdown ended on Thursday 23rd of July. The shutdown lasted for a period of 23 days.
With the dependence of businesses on the internet, the figures will be much higher than initially estimated says Netblocks.
The shutdown would have greatly affected foreign businesses and investments. The business which relies completely on the use of the Internet could have lost a lot of customers, business partners and overall would look less desirable to investors.
It could have also gravely affected International aid projects.
