New funding boosts Raxio’s data centre plans for Africa

New funding boosts Raxio’s data centre plans for Africa

Raxio Data Centres, a provider of carrier-neutral, Tier III data centres in Africa, has announced that it has secured an additional US$46 million in equity funding.

This significant investment, says the company, comes from existing shareholders Roha and Meridiam, reinforcing their confidence in Raxio’s vision and execution capabilities.

Roha a US-based investment firm with offices in Nairobi, Addis Ababa, Dubai and New York, supports the development of profitable new businesses across the African continent. Meridiam is a global investor and asset manager based in Paris specialised in developing, financing and managing long-term public infrastructure projects.

This additional US$46 million in equity funding comes shortly after Raxio successfully secured a facility of up to US$170 million of debt earlier this year from Proparco, which provides funding and support to both businesses and financial institutions in Africa and other continents, and the Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company.

Together, Raxio says, these investments have made it the best-funded independent data centre platform on the continent, solidifying its financial strength and securing its growth prospects.

As for how the money will be spent, Raxio says the newly acquired funds will be strategically deployed to support its expansion initiatives and facilitate the development of high-quality hyperscale-ready data centre facilities in leading African metro areas. This investment will enable Raxio to provide enhanced services and cater to the growing demand for reliable data storage, processing and connectivity solutions in Africa.

Raxio says is dedicated to minimising the environmental footprint of its facilities by reducing its energy and water consumption through efficient and innovative designs and equipment selection, and through supporting green initiatives. Its operations span Uganda, Ethiopia, Mozambique, Ivory Coast, the Democratic Republic of Congo, Angola and Tanzania.

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