IFC expands data center infrastructure investment in Africa with $100 Million to Raxio Group

Raxio Group, a key player in Sub-Saharan Africa’s digital infrastructure ecosystem, has secured $100 million in financing from the International Finance Corporation (IFC), the private sector arm of the World Bank Group. The funding will fuel Raxio’s ambitious expansion plans, including the rollout of high-performance colocation data centers tailored to support AI, cloud computing, and digital financial services—technologies that are becoming vital to the region’s economic and digital transformation.

With the new capital, Raxio aims to double its data center footprint over the next three years, targeting underserved and high-growth markets such as Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire, Tanzania, and Angola. The company is building Tier III-certified, carrier-neutral facilities in regions often overlooked by other providers, addressing critical gaps in digital infrastructure.