The African data center company Raxio Group has recently secured $100 million in financing through an agreement with the International Finance Corporation (IFC), a member of the World Bank Group. This investment will support Raxio’s expansion of data centers across Africa, focusing on technologies such as cloud computing, AI, and digital financial services that are crucial for the continent’s economic development.
Raxio has already established data center platforms in various African countries, including Tanzania, Angola, Ethiopia, the Democratic Republic of Congo, Côte d’Ivoire, and Mozambique. The company aims to provide access to digital tools and services to more Africans, especially those from underprivileged backgrounds.
In the next three years, Raxio plans to build Tier III-certified carrier-neutral data centers in areas that have been underserved in terms of digital infrastructure. The goal is to stimulate local economies and create new opportunities across the continent.
Previous investments in Raxio have been made by organizations like Proparco, the Emerging Africa Asia Infrastructure Fund (EAAIF), Roha Group, and Meridiam. IFC’s funding includes support from special programs like the GROW facility, which promotes gender equality and inclusive economic growth in Africa.
Raxio Group is committed to incorporating renewable energy sources and energy-efficient technology into its facilities to reduce water and electricity usage. The company’s digital hub in Côte d’Ivoire is facilitating trade and connectivity in francophone West Africa, contributing to the growth of local businesses and their integration into the global digital economy.
The digital transformation of Africa is already underway and is expected to accelerate in the coming years.
(Image source: Raxio Group)
