Raxio Group, Africa’s largest independent data centre platform, has raised its committed capital above US$380 million after major shareholders Roha and Meridiam boosted their investments to fuel the company’s rapid expansion.
The fresh equity injection comes as Raxio reports a remarkable sixfold surge in contracted capacity during the first half of 2026 compared to the same period last year.
The additional funding increases the company’s capital base from US$350 million, building on a US$100 million financing package secured from the World Bank Group’s International Finance Corporation (IFC) last year, supplemented by debt from Proparco and the Emerging Africa & Asia Infrastructure Fund (EAAIF).
“This additional capital strengthens our ability to capture these opportunities and continue delivering world-class, carrier-neutral infrastructure for our customers,” said Robert Skjodt, Chief Executive Officer of Raxio Group.
The timing aligns with a major inflection point in Africa’s digital infrastructure. According to McKinsey, the continent’s data centre installed capacity is projected to grow from 0.4 gigawatts today to between 1.5 and 2.2 gigawatts by 2030, potentially unlocking at least US$20 billion in new revenue across the value chain.
Raxio is well-positioned to lead this boom. The company has established the widest data centre footprint on the continent, with operational Tier III-certified, carrier-neutral facilities in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire, and Angola. Expansion into Tanzania is currently under development. These facilities allow organisations to interconnect with multiple network providers, offering enhanced resilience, flexibility, and choice.
As demand evolves, Raxio is seeing a sharp increase in larger-scale projects, with a growing pipeline of opportunities requiring 10 megawatts and above. The company is also raising rack densities to support high-performance computing and artificial intelligence workloads.
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“Demand for high-quality data centre infrastructure continues to accelerate across Africa, driven by rapid digital adoption, cloud migration and the emergence of significant AI workloads,” Skjodt added.
Brooks Washington, Founder and CEO of Roha, expressed strong confidence in the platform: “Raxio has built a unique platform that is positioned to take the lead in serving some of Africa’s fastest-growing digital markets. We are pleased to deepen our support for the business and look forward to helping accelerate its next stage of growth.”
Mete Saracoglu, Chief Operating Officer for Africa at Meridiam, echoed this sentiment: “Our continued investment reflects our confidence in Raxio’s management team, strategy and long-term role in enabling Africa’s digital transformation. We see significant opportunity to scale the business further as market demand continues to evolve.”
