Raxio Secures $170m Funding for Data Center Rollout in Africa.

0 273

To aid in its expansion throughout the continent, pan-African data center developer Raxio Data Centres has obtained a debt arrangement worth up to $170 million (€155 million) from lenders including the Emerging Africa Infrastructure Fund (EAIF) and development financing organization Proparco.

EAIF, which is controlled by the Private Infrastructure Development Group and has pledged $33 million to Raxio, has assets currently in Tanzania, Ethiopia, Mozambique, the Democratic Republic of the Congo, Côte d’Ivoire, Uganda, and Mozambique.

The new capital, according to Raxio, will be used to support the building and expansion of both new and current facilities in the region as well as to quicken the company’s entry into African markets.
In sub-Saharan Africa, where there are few neutral and shared data centers, the potential of the regional digital services markets is particularly undermined.

Consequently, we are proud to support Raxio’s first development phase of seven carrier-neutral data centres across Africa, together with long-standing partners like EAIF, Meridiam and Roha.

ACD.

Leave A Reply