Raxio nets US$100mn from IFC for data centres

Raxio Group has secured an agreement for US$100mn in financing from the International Finance Corporation (IFC) to accelerate the roll-out of data centres across Africa

The debt funding will help Raxio double its deployment of high-quality colocation data centres within three years, addressing growing demand in underserved markets across the continent.

The company is currently developing a data centes in countries including Ethiopia, Mozambique, the Democratic Republic of Congo (DRC), Côte d’Ivoire, Tanzania and Angola.

“This funding from IFC is a powerful endorsement of Raxio’s vision,” said Robert Skjødt, CEO of Raxio Group.

“It will allow us to bring critical infrastructure to the regions that need it most and attract further investment as we continue to grow. Together with our other partners, we’re building the foundation for Africa’s digital future and setting new benchmarks for sustainability.”

Raxio’s facilities are designed for 24/7 reliability, ensuring uninterrupted service even during maintenance or unforeseen disruptions.

It integrates renewable energy solutions to minimise its environmental footprint and uses innovative energy-efficient equipment to reduce electricity and water consumption for cooling in several of its countries of operation.

In the DRC, Raxio’s Kinshasa facility is poised to meet growing demand for data services in one of Africa’s largest and fastest-growing urban centres.

In Côte d’Ivoire, it is establishing a digital hub to serve Francophone West Africa, connecting regional markets and facilitating cross-border trade.

“Raxio’s business model shows how digital infrastructure can empower businesses, governments and communities to thrive in the digital economy,” said Sarvesh Suri, IFC regional industry director, infrastructure and natural resources in Africa.

“This partnership between Raxio and IFC is set to strengthen Africa’s digital ecosystem and catalyse further investments and regional integration, building a more inclusive and sustainable future.”

IFC is the private investment arm of the World Bank Group.

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