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Raxio Group, the pan-African data centre operator, has surpassed $380 million in committed capital after existing shareholders Meridiam and Roha increased their stakes to back the company’s next growth phase. The move follows a sixfold jump in contracted power capacity during the first half of 2026 compared with the same period last year.
The fresh equity from Roha and Meridiam lifts Raxio’s total committed capital base from a previous $350 million. It builds on a $100 million financing package the company secured last year from the International Finance Corporation, the World Bank Group’s private-sector arm, alongside debt funding from Proparco and the Emerging Africa & Asia Infrastructure Fund.
Raxio said the additional funding will strengthen its ability to capitalise on surging demand for data centre infrastructure across the continent as it moves into a new stage of expansion. The company is fielding a growing pipeline of projects requiring 10 megawatts or more of capacity, considerably larger than its earlier developments, and is raising rack densities at its facilities to accommodate higher-performance computing and artificial intelligence workloads, while continuing to weigh further expansion sites across Africa.
Robert Skjodt, Chief Executive Officer of Raxio Group, said, “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.”
Founded in 2018, Raxio calls itself Africa’s most expansive carrier-neutral data centre platform, offering colocation, cross-connect, fibre and IT infrastructure services. The company operates facilities in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire and Angola, with a further site under development in Tanzania.
All of its facilities are Uptime Institute Tier III certified, a standard associated with high reliability, and operate on a carrier-neutral basis that allows customers to connect with multiple network providers. According to Raxio, it has built more greenfield data centres in Africa than any other independent operator.
Brooks Washington, founder and CEO of Roha, said, “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.”
Raxio’s expansion comes as the continent’s data centre market approaches what it describes, citing McKinsey research, as an inflection point. The consultancy projects installed capacity needs will rise from roughly 0.4 gigawatts currently to between 1.5 and 2.2 gigawatts by 2030, unlocking at least $20 billion in new revenue across the value chain.
To meet that demand, Raxio said it designs and operates its facilities to world-class standards for power and water efficiency and continues to explore renewable energy solutions to complement grid infrastructure as its footprint scales.
