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Financial Institutions to Lease Data Centres from State Telco

May 21 , 2022

Four financial institutions have signed a memorandum of understanding with the state-owned Ethio telecom to lease space at its data centre in the Gola area of Addis Abeba. Zemen Bank, the fully-fledged interest-free ZamZam and Hijra banks, and Rays Microfinance will rent space at the operator's tier-three data centre inaugurated last year. The facility can host up to 800 servers and was built at a cost of 3.5 million dollars. Earlier this year, Wingu.Africa signed lease agreements with five companies in the banking and ICT industries for space at its data centre in the Ethio ICT Park in the outskirts of the capital. Wingu.Africa is among four multinational ICT firms to set up in the Ethio ICT Park, dubbed the "Ethiopian Silicon Valley", after signing agreements with the Ethiopian Investment Commission in late 2020.

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BRIDG-EATERIA

They say, "Where there is traffic, there is business." It reflects the colour of Addis Abeba roads and roundabouts. Around Bole, commonly known as the Ring Road, vendors serve tea and snacks underneath a bridge. Owing to these selling methods allow pedestrians and drivers to get the service they need while walking and driving. Despite that, such practice has become a frequent encounter in the heart of the city streets. The most common purpose of a ring road is to reduce traffic volumes in the ur...

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WALKWAY DISPLAY

Pedestrian walkways around Addis Abeba are growing smaller by the day, competing to gain a foothold in the public spaces. The city, which prides itself as Africa's political and diplomatic capital, becomes a showcase of contrast. Beauty and affluence wrestle destitution and poverty to claim space. Vendors have displayed their second-hand outfits, shoes and luggage for sale on a roundabout in front of the Ministry of Education, up at the Arat Kilo area...

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TRAILER HOMES

Retired city buses were once converted to bakery outlets retailing bread supplied by ‘Sheger Bakery' during their twilight zone. The city administration had used Anbessa City buses as its retail shops before formal outlets replaced them. Sheger Bakery, touted as the largest bakery and flour factory with the potential of baking two million loaves of bread daily, was to cater for millions of people in Addis Abeba with a subsidized bread supply but failed to live up to expectations. The old city...

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