GlobeX Data Ltd (CSE:SWIS) (OTCMKTS:SWISF) is launching its suite of secure data management and secure communication via a preferred cybersecurity partner covering Ethiopia and other regions of Africa, the company announced Monday.
The preferred partnership has been signed between GlobeX and Rockland Overseas Offshore SAL, a multi-industry conglomerate operating in 16 countries with 15 operational offices and over 1,000 employees globally, it said in a statement.
GlobeX said Rockland's field of expertise spans several industries including real estate, oil & gas trading, electro-mechanical contracting, telecom, facility management, renewable energy, environment, luxury retail and, most recently, entertainment.
Rockland has over 10 million customers and is expanding its operations in Ethiopia with an ambitious telecommunications and cybersecurity project in partnership with GlobeX.
Ethiopia has one of the fastest-growing Internet and mobile penetrations in the world, serving a population of over 101 million people.
Rockland Group is to develop and invest in data centers in Ethiopia having started its investment in the sector in June 2019. It also plans to strategically partner with various organizations located in the African Horn region.
One of these organizations is Ethio-Telecom, the second-largest telecom operator in Africa with over 60 million active subscribers as of February 2018. It is one of the few telecom operators in Africa that succeeded in launching and commercializing LTE/4G network services in 2016.
The Ethiopian government is committed to developing the largest telecom infrastructure in the country and plans to provide 100% mobile access, 54% internet access and more than 8% fixed telephone line access by 2030, as part of its digital transformation program.
First-mover advantage in Ethiopia
GlobeX said that, through its partnership with Rockland, it has a first-mover advantage in Ethiopia to introduce its secure data management and secure communications services to Ethio-Telecom and other partners as part of a comprehensive cybersecurity solution for all mobile and Internet users in Ethiopia.
Africa is being increasingly targeted by hackers, therefore, needs to invest in cybersecurity. For example on October 25, the City of Johannesburg reported a breach of its network and shut down its website and all e-services, hours after receiving a bitcoin ransom note from a group called the Shadow Kill Hackers. The hack occurred at the same time that several banks also reported Internet problems believed to be related to cyberattacks.
"We are very excited to partner with Rockland Group in Ethiopia and expand from there,” said GlobeX CEO Alain Ghiai. “Africa is a new frontier of cyberattacks and we are looking forward to protecting consumers and businesses of all sizes by offering them our cybersecurity and secure data and communications management services, as data is the lifeblood of every business and deserves the best protection possible against attacks.”
Ghiai noted that cyberattacks are costing the global economy some US$6 trillion a year.
Tarek Itani, CEO of Rockland Group. “Rockland Group is investing in Ethiopia through different business sectors including the Telecom sector. We are keen to minimize privacy breach risks and spread the cybersecurity culture in the country, and then to all African Horn countries.”
Contact the author: [email protected]
Follow him on Twitter @PatrickMGraham