Africa-focused data centre operator Raxio Group has surpassed $380 million in committed capital after shareholders Meridiam and Roha increased their financial backing, strengthening the company’s capacity to expand across a fast-growing digital infrastructure market.
The additional equity lifts Raxio’s capital base from a previous $350 million and follows a sixfold increase in contracted power capacity during the first half of 2026 compared with the same period in 2025. The company is also seeing a growing pipeline of significantly larger opportunities, including potential deployments of 10 megawatts or more.
Key Overview
- Raxio has surpassed $380 million in committed capital after additional backing from Meridiam and Roha.
- The new investment builds on a $100 million financing package secured from the International Finance Corporation in 2025.
- Raxio operates facilities across six African markets and is developing an expansion into Tanzania.
- Contracted power capacity during the first half of 2026 was six times higher than during the same period a year earlier.
- Rising cloud adoption, digitalisation and artificial intelligence workloads are increasing demand for larger and higher-density data centre infrastructure.
Raxio Deepens Its Capital Base for African Expansion
Raxio Group has strengthened its financial position as shareholders Meridiam and Roha provide additional equity for the company’s next phase of growth.
The investment has taken Raxio’s total committed capital above $380 million, up from approximately $350 million previously. Raxio did not disclose the precise amount of the latest equity contribution but said the additional capital would support further expansion as customer requirements increase in both scale and complexity. (Raxio Group)
The enlarged capital base builds on a $100 million financing package secured from the International Finance Corporation in 2025. The financing was designed to accelerate the deployment of high-quality colocation data centres in underserved markets across sub-Saharan Africa. (Raxio Group)
Raxio has also previously secured development financing from Proparco and the Emerging Africa Infrastructure Fund. A $40 million long-term loan from Proparco formed part of financing for the first phase of seven colocation data centres, with the funding structure including sustainability incentives linked to renewable power and improved energy and water efficiency. (Proparco)
The combination of equity and development finance gives Raxio additional capacity to invest in infrastructure that can require substantial upfront capital before customer demand is fully realised.
Africa’s Data Centre Demand Enters a Faster Growth Phase
The latest investment comes as Africa’s data centre market approaches a period of accelerated expansion.
Research on Africa’s data centre market estimates that installed capacity could rise from approximately 0.4 gigawatts to between 1.5 and 2.2 gigawatts by 2030. The expansion could require between $10 billion and $20 billion in new investment while creating a potential revenue pool of $20 billion to $30 billion across the broader value chain. (McKinsey & Company)
Raxio is positioning itself to capture part of that growth through a geographically distributed network of carrier-neutral facilities.
The company currently has data centres in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire and Angola, with a planned facility in Tanzania under development. Raxio says its operational facilities are Tier III certified, a standard intended to support high levels of infrastructure availability and resilience. (Raxio Group)
The geographic spread is particularly important in a market where digital infrastructure remains unevenly distributed. Many African economies are experiencing faster adoption of cloud services, digital financial platforms and local data storage requirements, creating demand for facilities located closer to businesses and end users.
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AI and Larger Deployments Reshape Customer Demand
Raxio’s growth is increasingly being driven not only by traditional enterprise computing but also by larger cloud and artificial intelligence workloads.
During the first half of 2026, the company said it signed contracts representing six times more power than during the corresponding period in 2025. It is also receiving a growing number of opportunities requiring deployments of 10 megawatts or more, substantially larger than many of its historical projects. (Raxio Group)
This shift is influencing the physical design of data centres. Raxio is increasing rack densities to accommodate high-performance computing and AI workloads, which typically require significantly more computing power within concentrated areas of a facility.
Higher-density deployments can also place greater demands on electricity supply and cooling systems. For African data centre operators, this creates both an opportunity and a challenge: demand is increasing, but successful expansion depends on access to reliable power, connectivity and substantial long-term financing.
Investment Positions Raxio for a Larger Continental Role
The additional backing from Meridiam and Roha gives Raxio greater flexibility to pursue opportunities as Africa’s data centre requirements move towards larger-scale deployments.
Rather than focusing only on individual national markets, Raxio is building a regional platform capable of serving multinational companies, cloud providers, telecom operators and organisations seeking secure local infrastructure across several African economies.
The company’s next phase will be shaped by how quickly demand for cloud computing, AI and locally hosted digital services develops across the continent. Its sixfold increase in contracted capacity during the first half of 2026 suggests that customer requirements are already accelerating.
With more than $380 million now committed to the platform, Raxio is entering that growth phase with a broader operational footprint and a stronger capital base. The investment also reflects a wider trend in which digital infrastructure is becoming a major destination for long-term capital as Africa’s economies generate and process increasing volumes of data.
Sources: Raxio Group / International Finance Corporation / Proparco / McKinsey & Company / Developing Telecoms
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