Private Data Centre to Break Ground in Addis

Oct 31 , 2020


Raxio Data Centre Plc, a subsidiary of Raxio Group, is set to construct the first private data centre in Ethiopia inside the premises of the nation's first ICT village, Ethio ICT Park. Planning to start construction in January 2021, the new data centre will be a tier III colocation data centre with power compatibility and redundancy. The company plans to deploy its modules to fit in an IT capacity of 1.5MW over the next few years with the possibility of doubling it as it grows. Located on the outskirts of the city, the ICT Park is also considered Ethiopia's Silicon Valley. It currently hosts private operators including ZTE, Techno Mobile and Security Innovation Network. The Ministry of Innovation & Technology (MINT) has recently announced a plan to build a data centre inside the premises of the Park. The project plan and initial design was first incepted in late 2019 with a memorandum of understanding signed between the company and the Ethiopian Investment Commission. Raxio Group, a portfolio company established 2018 by the United States investment firm, Roha Group Inc, has a presence in Uganda and plans to expand across east and southern Africa by 2022.


Radar

High-Level Event Aims to Address Humanitarian Crisis

Development partners and government officials are expected to discuss improved humanitarian responses at a crucial event in Geneva, Switzerland this week. Co-hosted by the Ethiopian government and the UN Office for the Coordination of Humanitarian Affairs (OCHA), the primary goal is to secure pledges from both development partners and the government, according to officials. Millions face hardship due to conflicts, economic downturns, climate shocks, and disease outbreaks, according to a UN st...


Radar

Foundation Announces Up to $2.5m Grants for Agribusinesses

Small and medium enterprises (SMEs) in the agricultural sector are poised for financial support as the Mastercard Foundation Fund pledges to award grants over the next three years. The Agribusiness Challenge Fund will award grants ranging from half a million dollars to 2.5 million dollars to qualifying businesses in Ethiopia and 19 other countries. According to Smita Sanghrajika, an engagement partner at the Foundation, agribusinesses have lacked the financial resources needed to scale up and...


Radar

Document Authentication Service Gets Fee Revamp

The Council of Ministers approved a new regulation for the Federal Document Authentication & Registration Service last week which introduces a two-tier fee structure for citizens and foreigners, with an overall increase. Beginning at 100 Br for citizens seeking document authentication for an assigning agency of single documents, the ceiling goes up to 500 Br while foreigners pay double these rates. Implementation of the new fees began this week. These changes come alongside a digitisat...


Back
WhatsApp
Telegram
Email