Data Centre Breaks Ground at ICT Park

Jan 16 , 2021


Wingu.Africa, a data centre operator, broke ground at the ICT Park in Addis Abeba earlier this week in establishing the country's first Carrier-Neutral Hyperscale Data Centre. The facility is located on 15,000Sqm of land and will provide secure and fortified server hosting for companies providing content delivery networks, cloud and financial services. The company, which owns and operates a similar data centre in Djibouti, plans to build an additional centre in Adama city soon. An additional three companies, Raxio Data Plc, Red Fox Web Solution and ScutiX, have also managed to obtain data centre spaces at the ICT Park. The data centres, which are expected to create employment opportunities for over 250 people, will also avail customised applications to industries like telecom, banking and insurance. The government is also establishing a national data centre to be built by the Ministry of Innovation & Technology.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email