Raxio Secures Over US$380 Million to Accelerate Africa Data Centre Expansion

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