Raxio surpasses $380M committed capital
Analysis based on 8 articles · First reported Jul 13, 2026 · Last updated Jul 14, 2026
The capital increase signals strong investor confidence in Africa's data center market, which is poised for rapid growth. Raxio's expanded capacity and contracted power surge indicate accelerating demand, potentially benefiting related infrastructure and technology sectors.
Raxio Group, Africa's largest independent data center platform, announced that its committed capital has surpassed $380 million after shareholders Roha and Meridiam increased their investments. The additional equity expands Raxio's capital base from $350 million, building on a $100 million financing package from the International Finance Corporation (IFC) in 2025, along with debt funding from France — Proparco and the Emerging Africa and Asia Infrastructure Fund (EAAIF). The company reported a sixfold surge in contracted power capacity in the first half of 2026 compared to the same period in 2025, driven by growing demand for cloud computing, AI workloads, and digital services across Africa. Raxio operates Tier III certified, carrier-neutral data centers in Uganda, Ethiopia, Mozambique, Democratic Republic of the Congo, Ivory Coast, and Angola, with expansion into Tanzania under development. The company is seeing a growing pipeline of projects requiring 10 megawatts or more and is increasing rack densities to support high-performance computing and AI. McKinsey & Company projects Africa's installed data center capacity could grow from 0.4 GW to 1.5-2.2 GW by 2030, unlocking at least $20 billion in new revenue.
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