Raxio Group has increased its committed capital to more than $380 million after shareholders Roha and Meridiam provided additional equity for the African data center operator’s next growth phase. The commitment raises its capital base from $350 million and follows a sixfold year-over-year increase in contracted power capacity during the first half of 2026. Raxio plans to use the stronger financial position to meet rising demand for cloud infrastructure, artificial intelligence workloads, and secure digital services across Africa.
Expanded Financial Backing
The new shareholder funding builds on a $100 million financing package secured from the International Finance Corporation in 2025. Raxio has also received debt support from Proparco and the Emerging Africa & Asia Infrastructure Fund, providing long-term capital for its regional rollout. The combined backing gives the company greater capacity to develop facilities, add computing power, and serve larger customers requiring resilient infrastructure in markets where professionally operated data centers remain limited.
Pan-African Network
Raxio operates facilities in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire, and Angola, while a Tanzanian site remains under development. The company describes its platform as Africa’s broadest carrier-neutral data center network, enabling customers to connect with multiple telecommunications and network providers rather than depending on one carrier. Its facilities are Tier III certified, supporting reliable operations and maintainability for cloud providers, financial institutions, telecommunications groups, and enterprises running critical digital systems.
Demand and AI Workloads
Raxio said it contracted six times more power in the first six months of 2026 than during the comparable period last year, reflecting a sharp increase in customer requirements. The group is also receiving more inquiries for deployments of at least 10 megawatts, significantly larger than the projects it historically handled. In response, it is increasing rack densities for high-performance computing and AI systems, bringing additional capacity online, and evaluating further expansion opportunities across the continent.
Africa’s Infrastructure Opportunity
The investment arrives as Africa’s data center market approaches a period of faster growth following years of relatively low installed capacity. McKinsey estimates that demand could increase from about 0.4 gigawatts to between 1.5 and 2.2 gigawatts by 2030, requiring $10 billion to $20 billion in new investment. The consultancy also projects a potential revenue pool of $20 billion to $30 billion across the value chain, highlighting the opportunity for operators able to deliver dependable capacity in underserved markets.
Shareholder Confidence and Sustainability
Raxio Chief Executive Robert Skjodt said the additional capital would help the company respond to accelerating digital adoption, cloud migration, and emerging AI demand. Roha founder and CEO Brooks Washington emphasized the platform’s expanding growth potential, while Meridiam said its continued investment reflected confidence in Raxio’s management, strategy, and role in Africa’s digital transformation. Raxio also designs its greenfield facilities for efficient electricity and water use and is exploring renewable energy alongside grid power as capacity expands.
Raxio’s increase to more than $380 million in committed capital provides additional resources as Africa’s digital infrastructure needs become larger and more technically demanding. Its sixfold rise in contracted capacity, growing pipeline of major deployments, and presence across several markets indicate that demand is shifting toward more substantial cloud and AI-related infrastructure. The company’s next challenge will be converting that demand into efficiently delivered capacity while maintaining reliability, connectivity choice, and sustainable operations across a diverse regional footprint.