US EditionWorld Bank backs Africa digital data push with $100m Raxio deal
- The World Bank's International Finance Corporation invested $100 million in Raxio Group to support digital data infrastructure in Africa, funding data centers from Ethiopia to Angola.
- Africa currently accounts for less than 1% of global data center capacity despite mobile data usage growing by about 40% annually.
- Raxio Group is expanding its network of data centers across Africa, with ongoing construction in Mozambique, Ethiopia, and the Democratic Republic of Congo.
- There is significant interest and collaboration from local governments in Africa for these digital infrastructure projects.
14 Articles
14 Articles
World Bank backs Africa digital data push with $100m Raxio deal
The World Bank's private investment arm is backing the rush into digital data in Africa with a $100m (R1.89bn) investment in regional data centre developer and operator Raxio Group, funding centres from Ethiopia to Angola.
Raxio Receives $100M in Debt Financing from IFC
Raxio, an Amsterdam, the Netherlands-based Sub-Saharan African data center platform, received $100M in Debt funding. IFC provided the financing. The funding will accelerate the company’s expansion of facilities powering key technologies like AI, cloud computing and digital financial services – critical enablers of Africa’s economic growth and digital inclusion. Founded in 2018 by Roha Group, […] The post Raxio Receives $100M in Debt Financing fr…
Raxio Secures $100 Million from IFC to Develop Sub-Saharan African Data Center Platform
Raxio Group, a leading Sub-Saharan African data center platform, has signed an agreement for $100 million in financing from the International Finance Corporation (IFC), a member of the World Bank Group. The funding will accelerate Raxio’s expansion of facilities powering key technologies like AI, cloud computing and digital financial services – critical enablers of Africa’s … The post Raxio Secures $100 Million from IFC to Develop Sub-Saharan Af…
Africa's digital push grows as Raxio expands data centre reach
The World Bank’s private investment arm has committed $100 million to Raxio Group, a regional data center developer, in a bid to bolster Africa’s digital infrastructure. Africa holds less than 1% of the world’s data center capacity, despite mobile data usage growing at nearly double the global average. The investment, provided by the International Finance Corporation (IFC), marks its largest digital infrastructure funding in Africa to date. Digi…
Raxio to Double its Data Centers in Africa with $100m Financing from IFC – Ethiopian Monitor
Raxio Group, one of the leading data center platforms in Africa, has signed an agreement for $100 million in financing from the International Finance Corporation (IFC), a member of the World Bank Group. The debt financing announced today is expected to accelerate Raxio’s expansion of facilities powering key technologies like AI, cloud computing and digital financial services – key drivers of economic growth and inclusion. Raxio, which launched i…
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