Investment

Africa-focused data centre platform Raxio receives increased investment

African data centre platform Raxio Group says it has passed US$380 million in committed capital as shareholders Meridiam and Roha increased their support for the company’s next phase of growth following a sixfold surge in contracted capacity this year.

The additional equity from infrastructure investors Roha  and Meridiam extends Raxio’s capital base from a previous US$350 million, building on a US$100 million financing package secured from the World Bank Group’s International Finance Corporation (IFC) last year, along with debt funding from French development finance institution Proparco and the Emerging Africa & Asia Infrastructure Fund (EAAIF).

Raxio says it is poised for further momentum as Africa’s digital infrastructure approaches a phase of accelerated growth boosting the need for installed capacity from 0.4 gigawatts today to between 1.5 and 2.2 gigawatts by 2030, and unlocking at least US$20 billion in new revenue across the value chain. 

Raxio says it is catering to this demand, having established the continent’s widest data centre footprint, with facilities in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire and Angola, and planned expansion into Tanzania under development. All facilities are Tier III certified.

With this expanded capacity coming online, Raxio says it signed contracts for six times more power during the first half of 2026 than in the same period last year. As the market evolves, Raxio is receiving a growing pipeline of opportunities requiring deployments of 10 megawatts and above – significantly larger than past projects. The company is increasing rack densities to support higher-performance computing and AI workloads while evaluating further expansion opportunities across the continent.



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