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Kenya's Equity Bank eyes data centre cost cuts

Kenya's Equity Bank will outsource the management of its data centre and may lease out some capacity in order to reduce the costs of running it, its chief executive has said. James Mwangi said the bank has the only level 4 data centre -- hosting the highest level of system -- in the region, built at a cost of 8 billion shillings ($95.41 million) over the last three years.

"ICT infrastructure is nothing to be competitive about, we are asking for more sharing of the infrastructure so all of us can reduce the costs," he told reporters on the sidelines of an ICT conference. "Our core business is banking, not IT, If we got a competent person who could manage that data centre, we would be willing to outsource ICT services such that we focus on our core business."

Source: Reuters

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