Addis Ababa, July 26, 2022(Walta) – Raxio group has pledged to support Ethiopia’s financial services industry with a state-of-the-art tier III data center in a bid to modernize Ethiopian financial institutions in discussing technology challenges and sharing solutions.
According to the press release sent to local media, Raxio Ethiopia General Manager Bewket Taffere said that “Data is the most critical asset of any organization, and businesses are faced with the mounting challenges of storing and processing data while ensuring compliance and availability. Data centers will be an essential pillar for the financial services sector to emerge more resilient and primed for growth.
It gives me great pleasure to share that Raxio Ethiopia will be playing a significant role in building the foundation for this growth by delivering a tailored offering to the sector.” According to the release, Raxio Ethiopia’s Data Centre has provided technology and digital infrastructure aiming at playing an instrumental role in the growing digital economy across the nation.
Particularly, Raxio would bring significant change in realizing e-commerce penetration, digital payments, data-driven business models, and the push for data sovereignty, which is the much-needed to form a stable ecosystem to support this growing need at this period.
Participants from various financial institutions have deep look at the outsourcing of data Centre services to Raxio in the succeeding of the financial perspective and operational perspective. In this regard, the management of data Centre infrastructure is far removed from their core services and by outsourcing these services, enterprises can repurpose them, according to EPA.
capital expenditure to their core business and deliver a richer customer experience in the financial services sector. Similarly, Raxio helps cost savings to its customers and the customers will also benefit from the “pay as you grow” model.
Moreover, Raxio Ethiopia will offer its customers an optimized environment for their IT equipment in a state-of-the-art, scalable facility, fully equipped with industry best in technology, uncompromised security, and the likes. Raxio’s premier facility in Ethiopia will accommodate 800 racks delivering 3MW of IT capacity and will support rack densities from 2kW up to 21 KW.
Raxio Group is a portfolio company of Roha Group Inc., a U.S.-based investment firm focusing on responsibly investing in and building greenfield, profitable businesses across Africa, and Meridiam, a global developer, asset, and fund manager specializing in sustainable infrastructure and energy transition projects which is established 2018, it was learned.