Raxio Group announced on Thursday that it has secured $100 million in funding from International Finance Corporation (IFC), a member of the World Bank Group.
This financial support aims to accelerate the rollout of high-quality colocation data centre across Sub-Saharan Africa, addressing the growing demand for digital infrastructure in underserved markets.
Raxio plans to double its deployment of data centers within three years, with facilities already under development in Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire, Tanzania, and Angola.
Raxio’s CEO, Robert Skjødt, emphasised the importance of this funding, stating, “This funding from IFC is a powerful endorsement of Raxio’s vision. 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.”
The IFC’s financing includes concessional funding from initiatives like the GROW Facility and IDA Private Sector Window, which aim to promote inclusive economic growth and private investment in fragile markets.
Sarvesh Suri, IFC’s Regional Industry Director for Infrastructure and Natural Resources in Africa, remarked: “Raxio’s business model shows how digital infrastructure can empower businesses, governments, and communities to thrive in the digital economy.”
Raxio tackles Africa’s digital divide with sustainable data solutions
Raxio is committed to bridging Africa’s digital divide by introducing Tier III-certified, carrier-neutral data services to regions often overlooked by other providers. Its facilities are designed for 24/7 reliability and incorporate renewable energy solutions to minimise environmental impact. The company also uses energy-efficient equipment to reduce electricity and water consumption for cooling purposes.
In Kinshasa, Democratic Republic of Congo (DRC), Raxio is developing a facility to meet the growing demand for data services in one of Africa’s largest urban centres. Meanwhile, in Côte d’Ivoire, Raxio is establishing a digital hub to serve Francophone West Africa and facilitate cross-border trade.
The rapid rise in mobile payments, AI-based services, and cloud computing has highlighted the need for localised data hosting across Africa. Hosting data locally lowers costs, improves speeds, and allows governments to better oversee cybersecurity measures.
As mobile data consumption grows by approximately 40 percent annually—almost double the global average—Raxio’s expansion is expected to be pivotal in supporting Africa’s economic growth and digital inclusion.