Raxio Group has secured additional equity from existing shareholders Meridiam and Roha, increasing its committed capital to more than US$380 million as the company accelerates the expansion of its carrier-neutral data centre network across Africa.
The latest investment raises Raxio’s capital base from US$350 million and comes as demand for digital infrastructure continues to surge across the continent. During the first half of 2026, the company recorded a sixfold increase in contracted data centre capacity compared with the same period last year, reflecting growing demand from cloud providers, enterprises and artificial intelligence (AI) applications.
The new capital builds on a US$100 million financing package secured from the International Finance Corporation (IFC), a member of the World Bank Group, in 2025. Raxio has also secured debt financing from Proparco and the Emerging Africa & Asia Infrastructure Fund (EAAIF) to support the continued development of its facilities.
Expansion to Support Africa’s Growing Digital Economy
The investment strengthens Raxio’s position at a time when Africa’s digital infrastructure market is entering a period of rapid expansion.
According to McKinsey, installed data centre capacity across the continent is expected to increase from around 0.4 gigawatts today to between 1.5 and 2.2 gigawatts by 2030, creating at least US$20 billion in value across Africa’s digital infrastructure ecosystem. The growth is being fuelled by rising internet usage, increased cloud adoption, enterprise digitalisation and the growing demand for AI computing infrastructure.
Raxio Group Chief Executive Officer Robert Skjodt said the additional investment comes at the right time as customer demand continues to grow. “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.”
The company said customer requirements are also becoming larger and more complex. During the first six months of 2026, Raxio signed contracts for six times more power capacity than it did during the same period last year. It is also seeing a growing pipeline of projects requiring deployments of 10 megawatts or more, prompting further investment in higher rack densities and infrastructure capable of supporting high-performance computing applications.
Investors Back Long-Term Growth Strategy
Founded in 2018, Raxio has established one of Africa’s largest independent carrier-neutral data centre platforms, with Tier III-certified facilities operating in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire and Angola, while a new facility is under development in Tanzania.
Its carrier-neutral model enables customers to connect with multiple telecommunications providers, improving network resilience, flexibility and connectivity for enterprises, governments, cloud providers and network operators.
Roha Founder and Chief Executive Officer Brooks Washington said the company’s growth has surpassed expectations since its launch. “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.”
Meridiam’s Chief Operating Officer for Africa Mete Saracoglu said the latest investment reflects confidence in both the business and the market opportunity ahead. “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.”
Alongside its expansion plans, Raxio said it continues to design its facilities for efficient energy and water use while assessing opportunities to integrate renewable energy alongside grid power.
The company provides colocation, fibre connectivity, cross-connect and IT infrastructure services through purpose-built, high-performance data centres that support enterprises, cloud providers, content delivery networks, governments and telecommunications operators across Africa.
