The International Finance Corporation (IFC) of the World Bank Group recently announced a $100 million funding agreement with Raxio Group, a data center platform operating in Sub-Saharan Africa. This financial support aims to accelerate Raxio’s development of facilities that cater to crucial technologies like artificial intelligence (AI), cloud computing, and digital financial services. These technologies are vital for promoting digital inclusion and economic growth in Africa.
With the backing of IFC’s loan financing, Raxio plans to expand the number of high-quality colocation data centers it deploys across underdeveloped regions in Africa. The company is focused on establishing a regional data center platform in countries like Tanzania, Angola, Ethiopia, Mozambique, the Democratic Republic of the Congo, and Côte d’Ivoire.
Raxio is committed to bridging the digital divide in Africa by offering secure, carrier-neutral, Tier III-certified data services to underserved markets. By targeting high-growth sectors and strategic locations with significant economic potential, Raxio aims to create new opportunities across the continent.
Sarvesh Suri, IFC Regional Industry Director for Infrastructure and Natural Resources in Africa, emphasized the importance of Raxio’s business model in empowering businesses, governments, and communities to thrive in the digital economy. The partnership between Raxio and IFC is expected to enhance Africa’s digital ecosystem, attract additional investments, and promote regional integration for a more sustainable and inclusive future.
In addition to IFC’s funding, Raxio has received debt capital from Proparco, the Emerging Africa Asia Infrastructure Fund (EAAIF), Roha Group, and Meridiam. The support from IFC includes concessional financing from the GROW Facility and the IDA Private Sector Window, both aimed at promoting gender equity, inclusive economic growth, and private investment in vulnerable markets.
Robert Skjødt, CEO of Raxio Group, expressed gratitude for IFC’s endorsement and funding, which will help the company deliver essential infrastructure to underserved areas and attract further investments for expansion. Raxio is committed to upholding sustainability, scalability, and reliability standards as it expands its operations across all markets.
Raxio’s data centers are designed to operate seamlessly 24/7, ensuring uninterrupted service during maintenance or unforeseen disruptions. The company also prioritizes environmental sustainability by incorporating renewable energy sources and utilizing energy-efficient equipment for cooling in some regions.
Raxio’s upcoming facilities in the Democratic Republic of the Congo and Côte d’Ivoire are strategically positioned to meet the growing demand for data services in these regions. The company’s presence in these locations will support cross-border trade, regional market connectivity, and empower local businesses to participate in the global digital economy.
Since its establishment in 2018 by Roha Group, Raxio has rapidly expanded to become a leading regional data center platform in Sub-Saharan Africa. The company plays a crucial role in Africa’s digital transformation by addressing the continent’s urgent need for reliable and scalable digital infrastructure. With IFC’s support, Raxio aims to establish itself as a premier provider of data centers in Sub-Saharan Africa.
