World 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.
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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.
·Johannesburg, South Africa
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