Raxio Group surpassed $380 million in committed capital after shareholders Roha and Meridiam increased their equity support for the African data center operator. The new investment expands Raxio’s capital base from $350 million and follows a $100 million financing package secured from the World Bank Group’s International Finance Corporation (IFC), alongside debt funding from Proparco and the Emerging Africa & Asia Infrastructure Fund (EAAIF).
Raxio operates Tier III-certified, carrier-neutral data centers in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire, and Angola, with a facility in Tanzania under development. The company said it contracted six times more power capacity during the first half of 2026 than during the same period in 2025 as cloud deployments, digital services, and emerging AI workloads increase infrastructure requirements across African markets.
Raxio also reported a growing pipeline of prospective deployments requiring 10 MW or more of capacity, significantly larger than its historical projects. The company plans to increase rack densities to accommodate high-performance computing and AI infrastructure while evaluating additional expansion opportunities across Africa. McKinsey estimates installed African data center capacity could rise from approximately 0.4 GW today to between 1.5 GW and 2.2 GW by 2030, potentially generating at least $20 billion in new revenue across the data center value chain.
• Committed capital: More than $380 million.
• Previous capital base: $350 million.
• Shareholders providing additional equity: Roha and Meridiam.
• IFC financing secured in 2025: $100 million.
• Additional debt funding sources: Proparco and EAAIF.
• Current markets: Uganda, Ethiopia, Mozambique, Democratic Republic of Congo, Côte d’Ivoire, and Angola.
• Expansion market: Tanzania.
• Facility standard: Tier III-certified and carrier-neutral.
• Contracted power capacity during H1 2026 increased sixfold compared with H1 2025.
• Raxio is seeing a growing pipeline of deployment opportunities requiring 10 MW or more.
• The company plans to increase rack densities to support HPC and AI workloads.
“Demand for high-quality data centre infrastructure continues to accelerate across Africa, driven by rapid digital adoption, cloud migration and the emergence of significant AI workloads,” said Robert Skjodt, Chief Executive Officer of Raxio Group. “As we enter the next phase of growth, this additional capital strengthens our ability to capture these opportunities and continue delivering world-class, carrier-neutral infrastructure for our customers.”
🌐 Analysis: Raxio’s sixfold increase in contracted power capacity and the emergence of customer requirements above 10 MW indicate that African data center projects are moving toward larger deployments that require more substantial capital commitments, power infrastructure, and higher-density computing environments. The additional shareholder equity, combined with development finance from IFC, Proparco, and EAAIF, gives Raxio a broader funding structure for expanding its footprint as global and regional operators compete for capacity in underserved African markets.
