Raxio Group, Africa's most expansive data centre platform, has surpassed US$380 million in committed capital after shareholders Meridiam and Roha increased their investment to support the company's next phase of growth, following a sixfold surge in contracted capacity this year.

The additional funding strengthens Raxio's position as it accelerates the expansion of carrier-neutral data centres across Africa to meet growing demand for cloud services, AI workloads and digital infrastructure.

Backed by Existing Investors

The new equity from Meridiam and Roha builds on Raxio's previous US$350 million capital base, which includes a US$100 million financing package secured from the International Finance Corporation (IFC), alongside debt financing from Proparco and the Emerging Africa & Asia Infrastructure Fund (EAAIF).

Demand Continues to Rise

Raxio reported that contracted power capacity during the first half of 2026 increased sixfold compared with the same period last year, driven by rising demand for hyperscale, cloud and AI infrastructure.

The company said it is also seeing a growing pipeline of projects requiring deployments of 10 megawatts or more, significantly larger than previous customer requirements.

To support these workloads, Raxio is increasing rack densities while evaluating additional expansion opportunities across the continent.

Expanding Africa's Digital Infrastructure

Raxio currently operates Tier III-certified, carrier-neutral data centres in:

  • Uganda
  • Ethiopia
  • Mozambique
  • Democratic Republic of Congo
  • Côte d'Ivoire
  • Angola

The company is also developing a new facility in Tanzania, further expanding its footprint across Africa.

Positioned for Africa's Digital Growth

Industry forecasts estimate Africa's installed data centre capacity could increase from 0.4 gigawatts today to between 1.5 and 2.2 gigawatts by 2030, creating more than US$20 billion in new revenue opportunities across the digital infrastructure value chain.

Raxio said the latest funding will enable it to scale capacity, support enterprise and AI workloads, and strengthen digital infrastructure across the continent.

Why It Matters

Africa's demand for cloud computing, AI and digital services is rising rapidly. By increasing its investment base beyond US$380 million, Raxio is positioning itself to play a larger role in building the infrastructure needed to power the continent's digital economy.