Raxio Group has secured $100 million in financing from the International Finance Corporation (IFC) to accelerate the expansion of its Sub-Saharan African regional data centre platform.
The funding will enable Raxio to double its colocation data centre deployments within the next three years, responding to the growing demand for AI and cloud services across markets such as Ethiopia, Mozambique, and the Democratic Republic of Congo (DRC).
Scaling Digital Infrastructure in Africa
Robert Skjødt, CEO of Raxio Group, emphasized the importance of financing in bridging Africa’s digital divide.
“This funding will allow Raxio to bring digital infrastructure to the regions that need it most, supporting local businesses and economies.”
Raxio’s Tier III carrier-neutral data centres are designed to operate 24/7, ensuring reliable service while integrating renewable energy solutions to minimize environmental impact.
In Kinshasa, DRC, Raxio’s facility is enhancing local data services, while in Côte d’Ivoire, the company is developing a digital hub to serve Francophone West Africa, fostering regional connectivity and enabling cross-border financial transactions.
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IFC’s Commitment to Africa’s Digital Economy
This latest $100 million financing package builds on previous debt funding from Proparco and the Emerging Africa Asia Infrastructure Fund (EAAIF), as well as equity investments from Roha Group and Meridiam.
IFC’s support includes concessional funding from the GROW Facility, which promotes gender equity and inclusive economic growth, and the IDA Private Sector Window, designed to boost private investment in the world’s most fragile economies.
Sarvesh Suri, IFC’s Regional Industry Director for Infrastructure and Natural Resources in Africa, highlighted the impact of the partnership:
“Raxio’s business model shows how digital infrastructure can empower businesses, governments, and communities to thrive in the digital economy. This collaboration with IFC will strengthen Africa’s digital ecosystem, attract more investment, and foster regional integration.”
A Sustainable Future for Africa’s Digital Growth
With IFC’s backing, Raxio aims to set new standards in sustainability and regional connectivity.
“Together with our partners, we’re building the foundation for Africa’s digital future and establishing new benchmarks for sustainability,” Skjødt added.
