Raxio Group announced that its committed capital has surpassed $380 million after shareholders Roha and Meridiam increased their investments in the African data center platform. The additional equity expands Raxio’s capital base from its previous level of $350 million and will support the company’s next phase of growth as demand for cloud computing, artificial intelligence infrastructure, digital services, and high-performance computing accelerates across Africa.
The new shareholder commitments follow a $100 million financing package that Raxio secured from the International Finance Corporation, a member of the World Bank Group, in 2025. The company has also received debt financing from Proparco and the Emerging Africa & Asia Infrastructure Fund.
Raxio said the additional capital comes during a period of significant commercial growth. The company signed contracts representing six times more power capacity during the first half of 2026 than it did during the same period in 2025.
The increase in contracted capacity reflects growing demand from cloud providers, telecommunications companies, financial institutions, enterprises, content platforms, and other organizations that require secure and reliable infrastructure for storing, processing, and transferring data.
Raxio is also seeing a growing pipeline of potential projects requiring deployments of 10 megawatts or more. These opportunities are substantially larger than many of the projects the company has historically served and reflect the increasing scale of digital infrastructure requirements across African markets.
To support new forms of computing demand, Raxio is increasing rack densities within its facilities. Higher-density infrastructure is particularly important for artificial intelligence and high-performance computing workloads, which generally require greater amounts of power and cooling than traditional enterprise computing deployments.
Raxio has established a data center presence in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire, and Angola. The company is also developing a planned expansion into Tanzania and evaluating additional opportunities across the continent.
All of Raxio’s facilities are designed as carrier-neutral colocation data centers. This model enables customers to connect with multiple telecommunications and network providers rather than being limited to a single carrier, providing greater flexibility, network resilience, and connectivity options.
The facilities are also Tier III certified, a standard intended to demonstrate high levels of operational reliability and infrastructure availability. Raxio said it has built more greenfield data centers in Africa than any other independent operator.
The company designs and operates its facilities with a focus on efficient power and water usage. Raxio is also exploring opportunities to incorporate renewable energy alongside existing grid infrastructure as customer demand and facility capacity expand.
Africa’s data center industry is expected to experience substantial growth as internet adoption, enterprise digitization, cloud migration, financial technology services, streaming platforms, and artificial intelligence applications generate greater demand for local computing capacity.
According to industry projections cited by Raxio, installed data center capacity across Africa could rise from approximately 0.4 gigawatts to between 1.5 gigawatts and 2.2 gigawatts by 2030. That expansion could unlock at least $20 billion in additional revenue across the broader digital infrastructure value chain.
Data localization requirements and the need to reduce reliance on infrastructure located outside the continent are also contributing to demand for African data centers. Locally operated facilities can help organizations reduce latency, improve service performance, meet regulatory requirements, and strengthen control over sensitive data.
Roha and Meridiam are increasing their support for Raxio as the company seeks to capitalize on these trends. Roha is an investment firm focused on building and supporting companies across Africa, while Meridiam is a long-term infrastructure investor active in transportation, energy, public infrastructure, and digital development projects.
The investors believe Raxio has developed a differentiated platform capable of supporting some of Africa’s fastest-growing digital markets. The additional funding will provide the company with greater capacity to expand its footprint, accommodate larger customer deployments, and invest in infrastructure capable of supporting more demanding computing workloads.
KEY QUOTES:
“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 world-class, carrier-neutral infrastructure for our customers.”
Robert Skjodt, Chief Executive Officer of Raxio Group
“Raxio has built a unique platform that is positioned to take the lead in serving some of Africa’s fastest-growing digital markets. Since we launched Raxio, the company’s success has continued to create opportunities at the forefront of digital infrastructure in Africa, with even more room to grow than we initially planned. We are pleased to deepen our support for the business and look forward to helping accelerate its next stage of growth.”
Brooks Washington, Founder and CEO of Roha
“Our continued investment reflects our confidence in Raxio’s management team, strategy and long-term role in enabling Africa’s digital transformation. Raxio has established a leading platform with strong growth characteristics, and we see significant opportunity to scale the business further as market demand continues to evolve.”
Mete Saracoglu, Chief Operating Officer for Africa at Meridiam
