Raxio Group Seals $100M IFC Deal, Aims to Contribute to Africa’s Digital Growth

Raxio Group, a key player in Sub-Saharan Africa’s data center industry, has secured $100 million in funding from the International Finance Corporation (IFC), a World Bank Group member. The financing is set to drive Raxio’s expansion of high-quality colocation data centers—a crucial step for advancing AI, cloud computing, and digital finance across the continent.

With plans to double its data center footprint in three years, Raxio is targeting underserved markets in countries such as Ethiopia, Mozambique, Côte d’Ivoire, the Democratic Republic of Congo, Tanzania, and Angola. The company’s goal is to introduce carrier-neutral, Tier III-certified facilities, providing secure and reliable digital infrastructure in regions that have long been overlooked.

Raxio Group: Bridging Africa’s Digital Divide

The new funding builds on previous investments from Proparco, the Emerging Africa Asia Infrastructure Fund (EAAIF), Roha Group, and Meridiam. IFC’s financial backing also includes support from the GROW Facility, which promotes gender equity and economic inclusion, and the IDA Private Sector Window, designed to encourage private investment in the world’s most fragile markets.

“Raxio’s business model shows how digital infrastructure can empower businesses, governments, and communities to thrive in the digital economy. This partnership between Raxio and IFC will strengthen Africa’s digital ecosystem, catalyze further investments, and build a more inclusive and sustainable future.” — Sarvesh Suri, Regional Industry Director, IFC

Scaling Up for a Digital Future

Raxio’s data centers are built for 24/7 reliability, ensuring uninterrupted service even during maintenance or unexpected disruptions. To reduce its environmental footprint, the company integrates renewable energy solutions and deploys energy-efficient cooling systems in several locations.

With Africa’s digital economy rapidly expanding, Raxio’s investment in key urban hubs is expected to accelerate growth. In Kinshasa, Democratic Republic of Congo, the company’s new facility will meet the rising demand for data services in one of Africa’s largest cities. Meanwhile, in Côte d’Ivoire, Raxio is building a regional digital hub, connecting Francophone West Africa to global markets.

“This funding from IFC is a powerful endorsement of Raxio’s vision and operational excellence. It allows us to bring critical infrastructure to the regions that need it most and attract further investment as we continue to grow.”— Robert Skjødt, CEO, Raxio Group

Founded in 2018 by Roha Group, Raxio has quickly positioned itself as a leading data center provider in Sub-Saharan Africa. With IFC’s support, the company is set to expand its footprint, enhance scalability, and drive sustainable digital transformation.