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Huawei shows that next-gen data centres are sustainable and smart

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Tech company, Huawei, has said that with the continuous development of fields such as 5G, artificial intelligence (AI), and Big Data, data centres will only grow in scale and importance. 


This is even as there is growing pressure on data centres to use less electricity and operate more sustainably, especially as economies in Africa and other regions look to decarbonise. 


Critically, they will have to do so without compromising on performance or drastically increasing their physical footprints. 


Huawei said this while revealing its definition of the Next-Generation Data Center Facility, and unveiling its new PowerPOD 3.0 data centre power supply system. 


The new rollouts, not only reaffirms Huawei’s commitment to building low-carbon, smart data centres, it also underscores the fact that the next generation of data centres will be sustainable, simplified, autonomous driving, and reliable. 


“At Huawei, we are ready and willing to do to contribute to green development in Africa,” Jason Xia Hesheng, President of Huawei Digital Power Southern Africa said during the launch. 


“We have a proud tradition of ensuring that all our technologies are sustainable while pushing the boundaries of innovation. 
It will allow customers to pursue some of the most transformative technologies such as 5G and AI while protecting the planet.”

  
The PowerPOD 3.0 enables data centres to do all of these things. It reduces the footprint of data centres by 40%, cuts their energy consumption by 70%, shortens the delivery period from 2 months to 2 weeks, and lowers the service level agreement (SLA) fault rate by 38%.


Africa in particular stands to benefit from systems such as the PowerPOD 3.0. Energy in particular presents a major challenge in Africa. Data centres consume anywhere between 2%-3% of the world’s power annually. This adds an additional strain on African countries’ grids. 


Additionally, the average annual Power Usage Effectiveness (PUE) of data centres in Africa is 1.8, meaning that they aren’t as efficient as they could be. Something like the PowerPOD 3.0 could go a long way to bringing that score closer to the ideal of 1.0.  


In addition, the system’s ability to bring down O&M costs could also prove significant, given that the initial construction of data centre accounts for just a third of its costs, with the other two-thirds coming from O&M.  


With Africa set to have more than 600-million internet users and 360 million intelligent end-users by 2025, it will be critical that it not just use systems such as PowerPOD 3.0 to make its existing data centres more efficient, but also as a way of embracing the next generation of data centres, characterized by Sustainability, Simplification, Autonomous Driving and Reliability. 


As Africa looks to balance population growth, urbanisation, and the desire to move forward on smart city initiatives with commitments to decarbonise, these kinds of next-generation data centres will be crucial. As the “heart” of the data centre, the power supply system should integrate and innovate all devices in the power supply chain.

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TAJBank Reports 11.3Bn PBT In FY2023, Highest in Non-Interest Banking

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…As Gross Earnings Surge By 149%


Joel Ajayi

TAJBank Limited, Nigeria’s fastest-growing non-interest bank, has reported a profit before tax (PBT) of N11.3 billion in its 4th year of operations, the best in the non-interest lending sub-sector of the banking industry in the year.

The PBT of the multiple award-winning lender represented a 122.65% increase over the N5.08 billion PBT it reported in FY 2022.

The bank, which had received the Payment Card Industry Data Security Standard (PCI DSS) certification in recognition of its globally recognized information security standards in all areas of its operations, also recorded 149.13% growth in gross earnings from N17.323 billion in FY2022 to N43.157 billion in 2023.


In the year under review, TAJBank also recorded other remarkable feats in its financial results, with the balance sheet figures surging by over 144% from N212.021 billion in FY2022 to N518.335 billion in the 2023 financial year.

Similarly, the bank, which a few weeks ago won the Islamic Finance News (IFN’s) “Best Islamic Bank in Nigeria 2023”, also surpassed analysts’ forecasts by boosting its shareholders’ funds during the year from N19.535 billion in FY 2022 to N41.825 billion in FY2023, representing 114.10% increase year-on-year.

A further analysis of the non-interest, innovation-driven bank showed that its gross deposits grew by over 128% in financial year 2023 from N161.958 billion in FY 2022 to N369.337 billion despite the serious whirlwinds in the economy.


As expected, TAJBank has again put smiles on the faces of its shareholders, raising its earnings per share from N31.06 kobo in FY2022 to N65.40k per share in the year under review, indicating 114.56% improvement in the return on investment for the shareholders.


Commenting on the bank’s FY 2023 financial results, the Founder/CEO, Mr. Hamid Joda, attributed the sterling performances in key indicators “to the management’s proactive strategies and service delivery innovation being adopted to surpass our customers’ expectations and demonstrate to Nigerians and the global community that our awards, recognitions by brand experts and analysts as re-defining non- interest banking values are well-deserved.


“We want to thank all our shareholders for their growing confidence in TAJBank’s board and
management as the years roll by, our appreciation also goes to our customers, who are consistently appreciating that our only interest is to offer them excellent products and services at all times”, he added.


In his remarks, the bank’s Co-Founder/ Executive Director, Mr. Sherif Idi, enthused: “Let me say that these key financial performance indicators of our bank demonstrate that TAJBank has an irrepressible zeal for excellence in all areas of its operations.

“The 2023 financial results are a testament to what we portray and what we are indeed”, the banker added.

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