Raxio Tops US$380 Million in Committed Capital as Roha and Meridiam Boost Stakes Amid Sixfold Growth Surge for its African Data Centres>

(BUSINESS WIRE) -- Raxio Group, Africa's most expansive data centre platform, surpassed US$380 million in committed capital as shareholders Meridiam and Roha increased their support for the company’s next phase of growth following a sixfold surge in contracted capacity this year. The additional equity from Roha and Meridiam extends Raxio’s capital base from a previous US$350 million, building on a US$100 million financing package secured from the World Bank Group’s International Finance Corporation (IFC) last year, along with debt funding from Proparco and the Emerging Africa & Asia Infrastructure Fund (EAAIF). Raxio is poised for further momentum as Africa's digital infrastructure approaches an inflection point, with McKinsey projecting “a phase of accelerated growth” boosting need for installed capacity from 0.4 gigawatts today to between 1.5 and 2.2 gigawatts by 2030, unlocking at least $20 billion in new revenue across the value chain.1 Raxio is catering to this demand, having established the continent's widest data centre footprint, with facilities in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Cô...(BUSINESS WIRE) -- Raxio Group, Africa's most expansive data centre platform, surpassed US$380 million in committed capital as shareholders Meridiam and Roha increased their support for the company’s next phase of growth following a sixfold surge in contracted capacity this year. The additional equity from Roha and Meridiam extends Raxio’s capital base from a previous US$350 million, building on a US$100 million financing package secured from the World Bank Group’s International Finance Corporation (IFC) last year, along with debt funding from Proparco and the Emerging Africa & Asia Infrastructure Fund (EAAIF). Raxio is poised for further momentum as Africa's digital infrastructure approaches an inflection point, with McKinsey projecting “a phase of accelerated growth” boosting need for installed capacity from 0.4 gigawatts today to between 1.5 and 2.2 gigawatts by 2030, unlocking at least $20 billion in new revenue across the value chain.1 Raxio is catering to this demand, having established the continent's widest data centre footprint, with facilities in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Cô...{}