Wegagen Bank Expands Data, Network System

Nov 23 , 2019

Wegagen Bank expanded its data and system network at a cost of 150 million Br for its headquarters. The expansion included the installation of new network and security systems and the construction of a data centre facility. The expansion of the data and network system for its headquarters located along Ras Mekonnen Street took one year to finalise. The new system began giving service last week, after all branches and ATMs were brought offline on November 15 and 16. To install the data centre facility, a joint venture was formed between Alta Computer and Inlaks. Moti Engineering was hired for the installation of the network and security system. Alta Computec, a multi-vendor IT systems integrator, was established in 1994 with a capital of 15,000 dollars that has now grown to 25 million dollars. Its joint venture partner Inlaks has over 31 years of industry experience and has a customer base that includes the Apex Bank and 18 of the 24 banks in Nigeria and the West African region. Established in 1997, Wegagen Bank, which now has a network of 211 branches, of which 83 are in Addis Abeba, began giving service with its upgraded data and network system on November 18, 2019.



A street lamp around Addis Abeba Stadium melds into the concrete backdrop emblematic of the capital's ageing infrastructure. Over the past few years, Ethiopia's electric grid has been subject to destruction and theft, subjecting the public treasury to hundreds of millions in losses. Nearly half of the country's population does not have access to electricity. A series of projects by the World Bank has contributed to the slight but essential upgrade to the nation's grid, including a 500 million do...



A trio of donkeys drag along the main road in front of Menlik School around the Arat Kilo area. While the four-legged domestic animal is a venerated member of the Ethiopian labour force, its skin and meat are increasingly valued in the international markets. Rhong Chang, a donkey slaughterhouse operating in Assela Town, Oromia Regional State reopened its services after a seven-year break two years ago. Public outroar has often accompanied the entrance of donkey abattoirs into Ethiopia since anot...



A bustling market emerges under a bridge in the boroughs of the Bole Michael area. Addis Abeba City Administration has launched a series of aesthetic initiatives embalmed in themes of beautification and urbanisation that have removed thousands of shops built with makeshift tents. Above a quarter of Addis Abeba's labour force is engaged in the informal economy, which while often associated with connotations of illegality, remains a sizeable employer in emerging economies across the world. Calibra...