Raxio raises $380 million to build more African data centres

Africa's data centre boom is attracting serious money. Raxio Group, which builds and runs data centres in countries that previously had few, passed $380 million in committed capital in July 2026 and announced plans to enter Tanzania.

Where the money comes from

• Its main shareholders, the infrastructure investor Meridiam and Roha Group, increased their equity support.
• The International Finance Corporation (IFC), part of the World Bank Group, had already provided a $100 million financing package.
• Proparco and the Emerging Africa & Asia Infrastructure Fund provided debt funding.

Where Raxio operates

Raxio runs certified, carrier-neutral data centres in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d'Ivoire and Angola. Its next facility, TZ1, is planned as a 6MW site on the outskirts of Dar es Salaam.

"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," said Chief Executive Robert Skjodt. The company says it contracted six times more power capacity in the first half of 2026 than a year earlier.

Why it matters

Local data centres make internet services faster and cheaper, keep data within national borders and are essential for AI. They are the physical base of Africa's digital economy, and a growing target for investors, alongside new AI computing hubs.