Raxio, IFC fuel Africa’s data centre expansion

Raxio Group, a prominent data centre provider in Sub-Saharan Africa, has secured US$100mn in financing from the International Finance Corporation (IFC), part of the World Bank Group

This funding will drive Raxio's expansion of facilities supporting key technologies such as AI, cloud computing, and digital financial services, all of which are vital for Africa’s economic growth and digital inclusion.

The investment from IFC will help Raxio double the number of its high-quality colocation data centers over the next three years, addressing increasing demand in underserved markets across the continent. The company is building a regional data centre network in Sub-Saharan Africa, with locations in countries such as Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire, Tanzania, and Angola.

Raxio is focused on closing Africa’s digital gap by providing Tier III-certified, carrier-neutral, and secure data services to markets previously overlooked by other providers. With a strategic emphasis on high-growth regions, the company is tapping into areas with substantial economic potential, creating new opportunities throughout the continent.

“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 for 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 financing builds upon previous debt funding from Proparco and the Emerging Africa Asia Infrastructure Fund (EAAIF), along with equity investments from Roha Group and Meridiam. IFC’s commitment includes concessional funding from the GROW Facility, aimed at advancing gender equity and inclusive economic growth through blended finance, and the IDA Private Sector Window, which supports private investment in the world’s most fragile and poorest markets. With this endorsement, Raxio is poised to accelerate its expansion while maintaining top-tier standards of reliability, scalability, and sustainability.

“This funding from IFC is a powerful endorsement of Raxio’s vision and operational excellence,” remarked Robert Skjødt, CEO of Raxio Group. “It will enable us to provide critical infrastructure to the regions that need it most and attract further investment as we continue to expand. Along with our partners, we’re laying the groundwork for Africa’s digital future and setting new standards for sustainability.”

Raxio’s facilities are built for 24/7 reliability, ensuring uninterrupted service even during maintenance or unexpected disruptions. The company also integrates renewable energy solutions to reduce its environmental impact, employing energy-efficient equipment to minimise electricity and water usage for cooling in several of its operational countries.

In the Democratic Republic of Congo, Raxio’s Kinshasa facility is set to address the growing demand for data services in one of Africa’s largest and fastest-expanding urban centers. Meanwhile, in Côte d'Ivoire, Raxio is creating a digital hub to serve Francophone West Africa, connecting regional markets and facilitating cross-border trade. These initiatives are empowering local businesses and integrating them into the global digital economy.

Founded in 2018 by Roha Group, Raxio has rapidly emerged as a leading regional data centre provider in Sub-Saharan Africa. By addressing the continent’s critical need for reliable and scalable digital infrastructure, Raxio plays a central role in Africa’s digital transformation. With the support of IFC, Raxio is positioned to strengthen its leadership in the Sub-Saharan African data centre sector.