IFC Invests $100 Million in Raxio Group to Boost Africa’s Digital Infrastructure

The International Finance Corporation gives Raxio Group $100 million to accelerate their data center building efforts throughout Sub-Saharan African regions. Raxio plans to quickly open data centers across Africa twice as fast during next three years thanks to this major investment.

The company looks to grow its presence in Ethiopia, Mozambique, the Democratic Republic of the Congo, Côte d’Ivoire, Tanzania and Angola. Our business operates certified technology facilities that support crucial systems required for market expansion.

Our business funding creates important changes to modernize Africa’s digital infrastructure. Our facilities provide the starting point for both AI development and digital technology systems that will lead Africa towards digital transformation.

The funding package includes:

• The GROW Facility agrees to provide discounted financing to create jobs and equal opportunities in both economic and gender-related sectors
• The IDA Private Sector Window aids investments in markets that need development in challenging environments.
• Complementary funding to earlier investments from Proparco, EAAIF, Roha Group, and Meridiam

Raxio installs sustainable assets to decrease electricity and water usage for cooling systems through environmentally friendly energy solutions and energy-efficient equipment.

Raxio currently develops data services to fulfill rising market needs in one of Africa’s fastest expanding urban areas at their Kinshasa, DRC location. The Ivory Coast facility focuses on creating a digital connection between West African French-speaking countries to make cross-border trade easier.

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Raxio started operations in 2018 to become a top data center provider throughout Sub-Saharan Africa. With support from the International Finance Corporation Raxio will help more African companies take part in global digital business while closing the digital gap.