Raxio Data Centre Changes Guard

Jan 9 , 2024


Raxio Data Centres appointed Degol Gossaye as its new General Manager of Raxio Ethiopia. Degol takes the leadership helm following the launch of a Tier III certified data centre in November 2023. His 18 years of experience in the financial services sector holding various commercial and leadership roles with stints at Ethio Lease, the first international financial services company and Sun Optical Technologies. The data centre is expected to address the quickly evolving needs of a vibrant business environment and public sector for dependable, always-on IT solutions. The facility offers secure colocation space for up to 800 racks delivering up to three megawatts of IT power.


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Exchange Ponders Adding Salt to its Floor

The Ethiopian Commodity Exchange (ECX) is considering adding salt to its list as the 24th tradable commodity. Executives are currently conducting feasibility studies and preparing sales contracts. Last week, Ali Muhammed, deputy administrator of the Afar Regional State, and Ali Behani, Head of the Regional Mining Bureau, visited the ECX headquarters in the Mexico area. They said regional salt miners and processors are not adequately compensated for their production, with hopes that the EC...


Radar

Public Service Sector Receives Data Privacy Training

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Radar

Unleashing Millions for Micro-Entrepreneurs with Digital Loans

A 100 million-dollar program to scale up six financial institutions to facilitate digital non-collateral loans to micro, small and medium enterprises (MSMEs) was launched last week. Drawing experience from the first digital non-collateral lending platform dubbed Michu powered by Cooperative Bank of Oromia (COOP), the program coupled with Amhara, Bunna, Enat, Wegagen and ZamZam banks. Last year, Coop dispersed 946 million Br loans to farmers through cooperative unions and MSMEs, reaching m...


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