Friday, June 19, 2026

Data centers grow in popularity, investment underway to capitalize on demand

By Eyasu Zekarias

As the need for data grows, more than 5 data centers have shown interest though submission requests to invest in Ethiopia, in the last three years alone, which has pushed the government to include such centers within the umbrella of the country’s “Investment Promotion Plan”.

According to sources, the government and private financial sector in Ethiopia will be able to access the data in one center at a benefit of operating it at a low cost.

In a forum held at Sheraton Addis on November 8, the Minister of Innovation and Technology, Belete Molla (PhD), stated that Ethiopia is working with various entities to develop data centers.

Among them is one, Wingu Africa, which is providing services in four African countries, and has invested in the country’s ICT Park.

Wingu Africa, which has been operating in Ethiopia for 18 months now, pointed out that its firm has become convenient to aiding work for financial and technology institutions since they get to use the center without spending a lot of money to build their own data center.

As analyzed data shows, about 90 percent of those who run data center are Ethiopians. This move has played an instrumental role in creating jobs for young Ethiopian in the field of technology engineering.

As Henok Ahmed, CEO of IT Park Corporation, signaled out, the corporation’s biggest objective is to create an environment that allows ease of doing business.

“We are also working with huge international technology companies such as Microsoft, TikTok and Meta (formerly Facebook) to come to this country,” stated Wingu Africa executives, whilst highlighting the company’s breadth and depth of experiece.

Hot this week

Production up, but the ‘cost’ variable weighs heavily

Production is up in 2021 for the Italian agricultural...

Luminos Fund’s catch-up education programs in Ethiopia recognized

The Luminos Fund has been named a top 10...

Well-planned cities essential for a resilient future in Africa concludes the World Urban Forum

The World Urban Forum (WUF) concluded today with a...

Private sector deemed key to unlocking AfCFTA potential

The private sector’s role is vital to fully unlock...

U.S. imposes visa restrictions over renewed tensions in Northern Ethiopia

The United States has announced targeted visa restrictions against...

Epidemics know no borders

Recently, a new outbreak of Ebola has occurred in...

Marketing in a Data-Driven Economy: The Skills That Define Today’s Professionals

The marketing world is changing fast. Say goodbye to intuition...

When Africa hosts the world: Ethiopia’s COP32 and the partnership shaping it

When Ethiopia secured the unanimous endorsement of the African...

United Capital, the First Foreign Investment Bank in Ethiopia, Acquires 5% Stake in NGX

United Capital Group, which recently made history by entering...

How Startups Can Compete with Big Brands Using Smart Social Media Growth Tactics

Corporate giants dominate modern marketing with massive budgets. Emerging...

Why Some TikTok Videos Explode Overnight (And How You Can Replicate It)

The mechanics behind digital discoverability on short video platforms...

FHC finalizes preparations for South Sudan Real Estate venture

Ethiopia’s state-backed property developer, the Ethiopia’s Federal Housing Corporation...
spot_img

Related Articles

Popular Categories

spot_imgspot_img