Industrial Parks Development Corporation announced that it inked a memorandum of understanding with Safaricom Ethiopia to work together across industrial parks. Based on the agreement, the telecommunications company will lease 10 square meters of land in the Ethiopian Information Communication Technology (ICT) Park and invest USD 60 million. Safaricom will build a data center in the park and create jobs for 56 individuals.

The data center will mainly give services to Safaricom. Sandukan Abebe, CEO of IPDC, related that the agreement will contribute to Ethiopia’s digitalization plan.

The agreement also enables Safaricom to provide telecom services in the industrial parks by utilizing their data centers. Moreover, the company will work together with IPDC on cyber security and training and consultation services.

Safaricom, Sumitomo Corporation, CDC Group, and Vodacom came together to form Safaricom Ethiopia. The company won a license to operate in Ethiopia in May last year. It is expected that the company will invest up to USD 8.5 billion within the next 10 years.

Source (including image): IPDC