Raxio Group, a Sub-Saharan African data center platform, has secured $100 million in financing from the International Finance Corp. (IFC), a member of the World Bank Group, to accelerate its expansion of facilities powering key technologies such as artificial intelligence (AI), cloud computing and digital financial services.
Raxio is committed to bridging Africa’s digital divide by introducing Tier III–certified, carrier-neutral, secure data services to markets that have been overlooked by other providers. With a focus on high-growth areas, the company is tapping into regions with significant economic potential to unlock new opportunities across the continent.
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. The company is developing a Sub-Saharan African regional data center platform in countries such as Ethiopia, Mozambique, the Democratic
