Raxio has secured $100 million in financing from the International Finance Corporation (IFC), part of the World Bank Group. This funding marks a significant milestone in the continent’s journey toward digital inclusion and economic growth, with Raxio poised to expand its footprint across underserved markets in Africa.
The collaboration between Raxio and IFC is a shared vision of empowering Africa’s digital ecosystem. With this funding, Raxio plans to double its deployment of Tier III-certified colocation data centers within three years. These facilities are designed to meet the growing demand for secure, reliable, and scalable digital infrastructure in countries such as Ethiopia, Mozambique, the Democratic Republic of Congo (DRC), Côte d’Ivoire, Tanzania, and Angola.
Raxio’s mission is clear: to bridge Africa’s digital divide by introducing carrier-neutral data services to regions often overlooked by other providers. By focusing on high-growth areas with untapped economic potential, the company aims to unlock opportunities for businesses, governments, and communities across the continent.
Why this matters for Africa
Africa has long been seen as a region with immense potential but limited infrastructure to support its ambitions. The rise of technologies like artificial intelligence (AI), cloud computing, and digital financial services has created an urgent need for robust digital infrastructure. These technologies are not just buzzwords; they are critical enablers of economic growth and inclusion. For instance:
- AI can drive innovation in agriculture, healthcare, and education.
- Cloud computing enables businesses to scale efficiently.
- Digital financial services promote financial inclusion by bringing banking solutions to unbanked populations.
Raxio’s expansion will provide the backbone needed for these technologies to thrive, ensuring that Africa doesn’t just participate in the global digital economy but becomes a key player.
IFC’s role in catalyzing growth
The $100 million debt financing from IFC builds on earlier investments from Proparco, Emerging Africa Asia Infrastructure Fund (EAAIF), Roha Group, and Meridiam. IFC’s involvement includes concessional funding from the GROW Facility, which promotes gender equity and inclusive economic growth through blended finance. Additionally, support from the IDA Private Sector Window ensures private investment in fragile markets.
Sarvesh Suri, IFC Regional Industry Director for Infrastructure and Natural Resources in Africa, emphasized the transformative impact of this partnership: “Raxio’s business model shows how digital infrastructure can empower businesses, governments, and communities to thrive in the digital economy.” This endorsement underscores Raxio’s role as a catalyst for regional integration and sustainable development.
Setting new standards for sustainability
Raxio Group isn’t just building data centers; it’s redefining how they operate. The company integrates renewable energy solutions into its facilities to minimize environmental impact. Energy-efficient equipment reduces electricity and water consumption for cooling—a critical consideration in regions where resources are often scarce.
For example, in Kinshasa, DRC, Raxio is addressing growing demand for data services in one of Africa’s largest urban centers. In Côte d’Ivoire, it is creating a digital hub that connects Francophone West Africa with global markets.
These initiatives are not only empowering local businesses but also fostering cross-border trade and regional connectivity.
A vision for Africa’s digital future
Robert Skjødt, CEO of Raxio Group, expressed his optimism about the partnership: “This funding from IFC is a powerful endorsement of Raxio’s vision and operational excellence. It will allow us to bring critical infrastructure to the regions that need it most and attract further investment as we continue to grow.”
With its facilities designed for 24/7 reliability—even during maintenance or disruptions—Raxio is setting new benchmarks for operational excellence. Its commitment to sustainability aligns with global efforts to combat climate change while ensuring uninterrupted service delivery.
What lies ahead for Raxio?
As Raxio accelerates its expansion across Sub-Saharan Africa, its impact will be felt far beyond the borders of individual countries. By enabling access to cutting-edge technologies like AI and cloud computing, Raxio is laying the foundation for a more inclusive and prosperous future.
Africa stands on the brink of a digital transformation that could redefine its role in the global economy. With partners like IFC supporting visionary companies like Raxio Group, the continent is well-positioned to overcome challenges and seize opportunities in this new era.
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