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Raxio Group has increased its committed capital to more than $380 million after existing shareholders Meridiam and Roha injected additional equity to support the company’s next phase of expansion across Africa.
The investment comes as demand for digital infrastructure accelerates, with the company reporting a sixfold increase in contracted data center capacity during the first half of 2026 compared with the same period last year.
The latest investment lifts Raxio’s capital base from $350 million and builds on a $100 million financing package secured from the International Finance Corporation (IFC), a member of the World Bank Group, in 2025.
The company has also raised debt financing from Proparco and the Emerging Africa & Asia Infrastructure Fund (EAAIF) to fund the development of its growing network of carrier-neutral data centers across the continent.
The new funding strengthens Raxio’s ability to expand at a time when Africa’s data center market is entering a period of rapid growth.
According to McKinsey, installed data center capacity across the continent is expected to increase from around 0.4 gigawatts to between 1.5 and 2.2 gigawatts by 2030, creating at least US$20 billion in new value across the digital infrastructure ecosystem.
The expansion is being driven by rising internet usage, cloud adoption, enterprise digitalization and growing demand for artificial intelligence computing infrastructure.
Raxio has established one of Africa’s largest independent data center platforms, operating Tier III-certified, carrier-neutral facilities in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire and Angola, while developing a new facility in Tanzania.
Carrier-neutral infrastructure allows customers to connect with multiple telecommunications providers, improving network resilience, flexibility and connectivity.
The company said customer requirements are also changing rapidly. During the first six months of 2026, Raxio signed contracts for six times more power capacity than it did during the same period a year earlier.
It is also seeing a growing pipeline of projects requiring deployments of 10 megawatts or more, reflecting increasing demand from hyperscale cloud providers, enterprises and AI-driven workloads.
To support these requirements, the company is increasing rack densities and investing in infrastructure capable of handling high-performance computing applications.
Robert Skjodt, Chief Executive Officer of Raxio Group, said the additional capital positions the company to meet growing demand across the continent.
“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. As we enter the next phase of growth, this additional capital strengthens our ability to capture these opportunities and continue delivering world-class, carrier-neutral infrastructure for our customers.”
Roha Founder and Chief Executive Officer Brooks Washington said the company’s growth has exceeded initial expectations.
“Raxio has built a unique platform that is positioned to take the lead in serving some of Africa’s fastest-growing digital markets. Since we launched Raxio, the company’s success has continued to create opportunities at the forefront of digital infrastructure in Africa, with even more room to grow than we initially planned. We are pleased to deepen our support for the business and look forward to helping accelerate its next stage of growth.”
Meridiam’s Chief Operating Officer for Africa, Mete Saracoglu, said the investor remains confident in Raxio’s long-term growth strategy.
“Our continued investment reflects our confidence in Raxio’s management team, strategy and long-term role in enabling Africa’s digital transformation. Raxio has established a leading platform with strong growth characteristics, and we see significant opportunity to scale the business further as market demand continues to evolve.”
Beyond expanding capacity, Raxio said it continues to design its facilities for efficient energy and water use while evaluating opportunities to integrate renewable energy alongside grid power.
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