Raxio Group has secured a $100 million investment from the International Finance Corporation (IFC), signaling a pivotal moment for expanding data centers in sub-Saharan Africa. The funding will enable the deployment of cutting-edge data center technology, including cloud computing, AI, and digital financial services, fundamental to Africa’s economic growth. Raxio plans to develop Tier III-certified carrier-neutral data centers over the coming years in regions like Tanzania, Angola, Ethiopia, the Democratic Republic of Congo, Côte d’Ivoire, and Mozambique, focusing on areas previously overlooked for similar investments.
This development seeks to improve digital infrastructure in underserved regions, prioritizing those with significant economic potential to foster local growth and opportunities. Prior support from entities such as Proparco, the Emerging Africa Asia Infrastructure Fund, Roha Group, and Meridiam highlights ongoing confidence in Raxio’s contribution to Africa’s digital transformation.
The IFC’s funding integrates special programs like the GROW facility and the IDA Private Sector Window, aiming to promote gender equality and inclusive growth via public-private partnerships. Raxio’s commitment to renewable energy and energy-efficient technologies is central to their strategy, meeting sustainability objectives. In Côte d’Ivoire, Raxio has created a digital hub to enhance market connectivity in francophone West Africa, contributing to cross-border trade. These efforts indicate a crucial step in narrowing the digital divide and boosting economic development across the continent.
