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.