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Robert Skjødt, CEO of Raxio Group (Photo: Business Wire)
Raxio Group has secured additional equity investment from shareholders Meridiam and Roha, taking its committed capital base above $380 million as the African data centre operator prepares for its next phase of expansion.
The company said the investment builds on its existing capital base, including a US$100 million financing package from the International Finance Corporation secured in 2025, as well as debt funding from Proparco and the Emerging Africa and Asia Infrastructure Fund.
Raxio said the additional capital will support expansion as demand for data centre infrastructure grows across Africa, driven by cloud adoption, digital services and increasing artificial intelligence (AI) workloads.
The company cited McKinsey projections that Africa’s installed data centre capacity could increase from 0.4 gigawatts currently to between 1.5 and 2.2 gigawatts by 2030, creating further opportunities across the digital infrastructure value chain.
Raxio operates data centres in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire and Angola, with expansion into Tanzania under development.
“All are Tier III certified, ensuring high levels of reliability, and colocation carrier-neutral, which enables a wide range of organisations to interconnect with multiple network providers, delivering greater resilience, flexibility and choice,” said Raxio Group.
The company said it signed contracts for six times more power capacity during the first half of 2026 than during the same period in 2025, reflecting rising demand for larger data centre deployments.
It added that it is receiving increased interest in projects requiring 10 megawatts or more, which are significantly larger than previous deployments.
The company said it is increasing rack densities to support higher-performance computing and AI workloads while evaluating further expansion opportunities across Africa.
Robert Skjodt, chief executive officer of Raxio Group, said demand for data centre infrastructure continues to increase as organisations adopt digital services, migrate workloads to the cloud and explore AI applications.
He commented: “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.
“As we enter the next phase of growth, this additional capital strengthens our ability to capture these opportunities and continue delivering carrier-neutral infrastructure for our customers.”
For the investors, Brooks Washington, founder and CEO of Roha, said the investment would support Raxio’s expansion across Africa’s digital infrastructure market.
“Raxio has built a unique platform positioned to serve some of Africa’s fastest-growing digital markets.”
Mete Saracoglu, chief operating officer for Africa at Meridiam, said the investment reflected confidence in Raxio’s strategy and long-term growth potential.
“Raxio has established a leading platform with strong growth characteristics, and we see significant opportunity to scale the business as market demand evolves,” said Saracoglu.
Data ManagementRaxio GroupData centresAfrica Data CentresDigital infrastructureCloud ComputingColocation
