Raxio Group, a data centre platform in Sub-Saharan Africa, has secured US$100 million in financing from the International Finance Corporation (IFC), a member of the World Bank Group.
The funding will support Raxio’s efforts to expand its network of facilities, which underpin key technologies such as AI, cloud computing, and digital financial services – all vital components of Africa’s economic growth and digital inclusion.
The debt financing from IFC will enable Raxio to double the deployment of its high-quality colocation data centres over the next three years, helping to meet rising demand in underserved markets across the continent.
The company is currently building a regional data centre platform in countries including Ethiopia, Mozambique, the Democratic Republic of Congo (DRC), Côte d’Ivoire, Tanzania, and Angola.
Raxio aims to bridge Africa’s digital divide by offering Tier III-certified, carrier-neutral, and secure data services in markets often overlooked by other providers.
With a focus on regions showing strong economic potential, the company seeks to unlock new opportunities and foster digital growth across Sub-Saharan Africa.
“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’s commitment follows earlier debt financing from Proparco and the Emerging Africa Asia Infrastructure Fund (EAAIF), along with equity investments from Roha Group and Meridiam.
The latest financing package also includes concessional funding from the GROW Facility, which promotes gender equity and inclusive growth through blended finance, and the IDA Private Sector Window, which supports private investment in the world’s poorest and most fragile markets.
“This funding from IFC is a powerful endorsement of Raxio’s vision and operational excellence,”
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.”
Raxio’s data centres are designed to provide 24/7 reliability, ensuring continuous service even during maintenance or unexpected disruptions.
The company also integrates renewable energy solutions where possible and deploys energy-efficient equipment to reduce electricity and water usage, particularly for cooling, in several of its facilities.
In the DRC, Raxio’s Kinshasa data centre is positioned to meet the growing demand for digital services in one of Africa’s largest and fastest-growing urban markets.
Meanwhile, in Côte d’Ivoire, the company is developing a digital hub to serve Francophone West Africa, aiming to improve regional connectivity and facilitate cross-border trade.
These projects are intended to empower local businesses and integrate them more fully into the global digital economy.
Featured image credit: edited from freepik
