Raxio Ethiopia, the nation’s first hyperscale ready Tier III carrier neutral data center, hosted an executive briefing for executives of Ethiopian financial institutions today. The event focused on discussing business and technology challenges and announced the upcoming launch of Raxio Ethiopia’s state-of-the-art data center in two months’ time.

The executive briefing provided valuable insights to financial institutions on how they can leverage Raxio Ethiopia’s robust digital infrastructure to enhance service delivery and position themselves as key players in Ethiopia’s expanding digital economy.

With the increasing need for stable and reliable data storage environments, financial service institutions are relying on data centers to support their mission-critical infrastructure. Raxio Ethiopia’s data center will address this demand by providing a secure ecosystem that supports the growing requirements of digital services, including e-commerce, digital payments, data-driven business models, and data sovereignty.

By outsourcing data center services to Raxio Ethiopia, financial institutions can effectively redirect capital expenditure to core business operations, delivering an enhanced customer experience. Raxio Ethiopia will leverage economies of scale to provide cost-effective solutions, passing on savings to its customers.

By Eyasu Zekarias

The Israeli Embassy in Ethiopia in its recent statement regarding the sudden attackof Palestinian militant group “Hamas” on October 7, 2023, revealed that the move was nothing short of a terroristic attack and condemned the act.

Tomer Bar-Levi, the Deputy Ambassador of the Israeli Embassy in Ethiopia, said that, “Many were killed in the first attack of innocent people by the Hamas group, which are terrorists, on Simchat Torah, a Jewish holiday where thousands of Israelis are present.”

As the Deputy Ambassador pointed out, despite Israel having a high security establishment, a dialogue has been set up to find out how this act transpired.

Alelign Admasu, the ambassador of the Israeli embassy in Ethiopia, said in a statement that, “The two countries have a long history of friendship, and the people of Ethiopia should stand by their side against the act and call it a war against innocent people.”

On October 11, 2023, the Israeli Embassy,which issued a statement at its office in Addis Ababa, expressed its regret that this has happened in a situation where it is making great efforts to improve the economic condition of the Palestinians and called on the entire nation to understand the truth and be on their side.

Foreign Minister spokesman Ambassador Meles Alemu said in his weekly statement a few days ago that Ethiopia has not taken a different position on the Israel-Palestine issue than its previous position.

The European Union successfully completes its 3rd round of support to the Civil Societies in Ethiopia.

The EU-supported Civil Society Fund (CSF) which started in 2006 was implemented up to the end of 2018 in two phases. Following the successful implementation and lessons learnt from these previous interventions, a third phase of the Civil Society Fund (CSF-III) started implementation in December 2018.

As Biruk Habtamu, Technical Manager of the European Union’s Civil Service Fund program informed Capital, “Works that solve community problems have been implemented in the last 4 years and have been more than 80 percent successful.”

At the closing program held on October 11, 2023, sixty seven different civil societies participated in the 3rd fund which aims to encourage the sustainability of civil societies, including groups working on women’s equality and empowerment, as well as projects that have brought change in the lives of the disabled and society.

At its core, the EU has been supporting the civil society sector in Ethiopia in pursuit of its conviction that a genuinely independent, pluralistic and vibrant civil society is central to a country’s development and stability, to ensuring democracy and human rights, building inclusive societies and in achieving the Sustainable Development Goals (SDGs). 

Ethiopian Electric Power has announced that it is going to build a 62-floor skyscraper at a cost of 445 million dollars.

The design of the headquarters is said to have been meticulously structured in such a way that it can comfortably run under modern technologies using renewable energies, wind and solar and is hence to be under construction at the level of a green building gold certificate.

 “The design is based on the US Green Building Council’s Energy and Environmental Design (LEED) system,” the institute said.

The 62-floor skyscraper will be built at the heart of the central business district in the vicinity of the headquarters in Mexico.

The building, which rests on 20792 square meters, has a floor area of   197800 square meters.

The electric power company revealed that the structure will have a staggering height of 327.5 meters when completed.