Raxio Group, Africa’s largest data centre platform by geographic footprint, has surpassed US$380 million in committed capital after existing shareholders, Meridiam and Roha, increased their investment to support the company’s next phase of expansion.
The latest equity injection expands Raxio’s capital base from the previously announced US$350 million. This follows a US$100 million financing package secured last year from the International Finance Corporation (IFC), a member of the World Bank Group, alongside debt financing provided by Proparco and the Emerging Africa & Asia Infrastructure Fund (EAAIF).
The fresh funding comes as Africa’s digital infrastructure sector enters a period of rapid growth. According to McKinsey, demand for installed data centre capacity on the continent is expected to rise from approximately 0.4 gigawatts today to between 1.5 and 2.2 gigawatts by 2030, potentially generating at least US$20 billion in new revenue across the value chain.
Raxio is positioning itself to meet this growing demand through what it describes as the continent’s broadest data centre footprint. The company currently operates facilities in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire and Angola, while expansion plans in Tanzania are already underway.
All of Raxio’s facilities are Tier III certified, providing high levels of reliability and uptime. The company also operates carrier-neutral colocation centres, allowing organisations to connect with multiple network providers and benefit from greater resilience, flexibility and choice.
The company has experienced significant commercial momentum in 2026. During the first half of the year, Raxio signed contracts for six times more power capacity than it did during the same period in 2025. It is also seeing a growing pipeline of projects requiring deployments of 10 megawatts or more, considerably larger than previous projects.
To support emerging technologies and increasing computing requirements, Raxio is enhancing rack densities to accommodate high-performance computing and artificial intelligence workloads while simultaneously evaluating additional expansion opportunities across Africa.
Commenting on the development, Robert Skjodt, Chief Executive Officer of Raxio Group, said demand for high-quality data centre infrastructure across Africa continues to accelerate due to rapid digital adoption, increased cloud migration and the rise of AI-driven workloads.
He noted that the additional capital would strengthen the company’s ability to capture these opportunities and continue delivering world-class, carrier-neutral infrastructure to customers across the continent.
Brooks Washington, Founder and CEO of Roha, said Raxio has built a unique platform that is well-positioned to lead in some of Africa’s fastest-growing digital markets. He added that the company’s success has created even greater opportunities than initially anticipated, prompting Roha to deepen its support for the business.
Mete Saracoglu, Chief Operating Officer for Africa at Meridiam, also reaffirmed confidence in Raxio’s leadership and long-term strategy, describing the company as a leading platform with strong growth potential as Africa’s digital transformation accelerates.
Raxio has established itself as one of the continent’s most active independent developers of greenfield data centres. The company designs and operates its facilities to global standards, focusing on efficient power and water usage while exploring opportunities to integrate renewable energy solutions alongside traditional grid infrastructure as demand continues to grow.
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