Raxio Group has secured $100 million in debt financing from the International Finance Corporation (IFC). The funding will support Raxio’s plans to expand its data center facilities across Sub-Saharan Africa. This will drive growth in AI, cloud computing, and digital financial services while advancing digital inclusion.
The funding will enable Raxio to double its deployment of Tier III-certified, carrier-neutral data centers within three years. This will address the growing demand for high-quality colocation services in underserved African markets. Raxio’s regional data center platform covers Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire, Tanzania, and Angola.
“This funding from IFC is a powerful endorsement of Raxio’s vision and operational excellence. 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,” said Robert Skjødt, CEO of Raxio Group.
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Empowering Africa’s Digital Economy
Raxio’s mission is to bridge Africa’s digital divide by providing secure, reliable, and scalable data services. The company focuses on underserved markets to unlock economic potential. In the Democratic Republic of Congo, Raxio’s Kinshasa facility will meet the growing demand for data services. In Côte d’Ivoire, Raxio is creating a digital hub to connect Francophone West Africa and facilitate cross-border trade.
“This partnership between Raxio and IFC is set to strengthen Africa’s digital ecosystem and catalyze further investments and regional integration, building a more inclusive and sustainable future,” said Sarvesh Suri, Regional Industry Director, Infrastructure and Natural Resources in Africa, IFC.
Driving Sustainable Growth
IFC’s financing includes concessional funding from the GROW Facility, which promotes gender equity and inclusive growth through blended finance. It also includes support from the IDA Private Sector Window, which encourages private investment in challenging markets. Earlier funding came from Proparco, the Emerging Africa Asia Infrastructure Fund, Roha Group, and Meridiam.
Raxio’s data centers are designed for 24/7 reliability and integrate renewable energy solutions to reduce their environmental impact. The company uses energy-efficient equipment to minimize electricity and water consumption for cooling.
Founded in 2018 by Roha Group, Raxio is now a leading data center platform in Sub-Saharan Africa. With IFC’s support, Raxio will continue expanding its role in driving digital transformation across the continent.