RedFox Latest to Roll out Data Centre

Sep 24 , 2022


A privately-owned modular data centre in Addis Abeba's ICT Park has gone operational nearly two years after RedFox Solutions Group secured land in the Park. RedFox executives, led by General Manager Adane Kasaye, plan to operationalise a second build-to-suite data centre in the Park in the coming months. The modular data centre took over a year and a half to complete. RedFox's facility is the latest in a line of data centres inaugurated in the capital. The state-owned Ethio telecom and Safaricom Ethiopia Plc have both launched their own data centres over the past year. The latter recently inked a lease agreement with the Industrial Parks Development Corporation (IPDC) to build another facility inside the ICT Park. Dashen Bank rolled out a data centre built at a cost of close to a quarter of a billion Birr a few months ago. RedFox is one of four private companies to secure land in the ICT Park for the construction of data centres at the end of 2020. The IPDC allotted the company 4,000sqm. Raxio Data Plc, ScutiX and Wingu.Africa received an aggregate 22,000sqm.


Radar

Ethiopia Buys Time, Not Relief as Creditors Stall on Debt Write-Off

Ethiopia's official creditors expect to finalise a draft restructuring of the country's debt in the coming months, granting the government more time to repay its obligations while avoiding a direct reduction to the initial debt amount. Ethiopia defaulted on its external debt in December 2023, before its leaders announced a preliminary deal in March with its Official Creditor Committee to reorganise 8.4 billion dollars, an essential step in moving beyond sovereign default. Under the agreement...


Radar

Road Injuries Increase by 35pc, with Pedestrians Most Affected

Addis Abeba's streets continue to present fatal risks for pedestrians, who account for 86pc of all traffic fatalities reported in 2023/24. Megenagna emerged as a particularly hazardous area, logging the highest number of fatalities, including 13 deaths. While the number of pedestrian deaths has dipped slightly, overall injuries have surged by 35pc since 2020/21, with eight out of 10 injuries involving those on foot. The Addis Abeba City Administration revised its 13-year road safety strate...


Radar

Awash Insurance Customer Week Discount

Awash Insurance Company(AIC), serving for over 30 years, gives a 25pc discount on Mortgage Redemption Insurance (MRI), Individual Life Insurance, Education Insurance, Workers' Compensation Insurance, and Fire & Lightning Insurance. This was announced during the celebration of Customer Week at their headquarters, on April 7,2025. Jibat Alemneh, CEO of the company said, Vehicles owners that purchased thier cars with full insurance coverage will receive enhanced benefits at no extra cost at...