Raxio Group has signed an agreement for $100 million in financing from the International Finance Corporation (IFC). This funding will accelerate Raxio’s expansion of facilities powering key technologies like AI, cloud computing and digital financial services.
The debt funding from IFC will help Raxio double its deployment of high-quality colocation data centers within three years, addressing growing demand in underserved markets across the continent. The company is developing a Sub-Saharan African regional data center platform in countries including Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire, Tanzania, and Angola.
“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 catalyze further investments and regional integration, building a more inclusive and sustainable future.”
IFC’s commitment builds on earlier debt funding from Proparco and the Emerging Africa Asia Infrastructure Fund (EAAIF), and equity investments from Roha Group and Meridiam. IFC’s financing includes concessional funding from the GROW Facility, which seeks to advance gender equity and inclusive economic 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. Together with our other partners, we’re building the foundation for Africa’s digital future and setting new benchmarks for sustainability.”
Raxio’s facilities are designed for 24/7 reliability, ensuring uninterrupted service even during maintenance or unforeseen disruptions. The company integrates renewable energy solutions to minimize its environmental footprint and uses innovative energy-efficient equipment to reduce electricity and water consumption for cooling in several of its countries of operation.
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