Keypoints:
- Committed capital exceeds $380m
- Contracted power rises sixfold
- Larger 10MW projects enter pipeline
RAXIO Group, a pan-African operator of carrier-neutral, Tier III-certified data centres, said its committed capital had exceeded $380m after shareholders Meridiam and Roha increased their backing for the company’s next stage of expansion.
The fresh equity comes as Raxio reports a sixfold year-on-year increase in contracted power during the first half of 2026, reflecting stronger demand from cloud providers, enterprises and customers preparing to deploy artificial intelligence workloads across African markets.
Shareholders deepen backing
Raxio said the latest investment lifted its committed capital from about $350m to more than $380m. The company did not disclose the exact size of the new injection or whether it altered the ownership stakes held by infrastructure investor Meridiam and investment firm Roha.
The enlarged capital base builds on an > announced in 2025 to support the development and expansion of Raxio facilities in underserved African markets.
Raxio has also secured debt support from Proparco and the Emerging Africa Infrastructure Fund, now known as the Emerging Africa & Asia Infrastructure Fund, as it expands a network designed to help businesses store and process data closer to their customers.
Demand shifts towards larger projects
The company said it contracted six times more power in the first half of 2026 than during the same period in 2025. The increase refers to power booked by customers rather than a sixfold rise in Raxio’s installed capacity or revenue.
Raxio is also receiving a growing number of enquiries for deployments requiring 10MW or more, substantially larger than many of the projects previously served in its markets.
Chief executive Robert Skjødt said accelerating digital adoption, cloud migration and emerging AI workloads were driving demand for high-quality infrastructure.
‘As we enter the next phase of growth, this additional capital strengthens our ability to capture these opportunities and continue delivering carrier-neutral infrastructure for our customers,’ he said.
Africa’s capacity gap creates opportunity
McKinsey projects that demand for African data centre capacity could grow from about 0.4GW to between 1.5GW and 2.2GW by 2030.
The consultancy estimates that meeting this demand could require $10bn to $20bn in new investment and unlock a revenue pool of $20bn to $30bn across the value chain.
The expansion is part of a wider contest to build the computing infrastructure needed for Africa’s AI economy. Africa Briefing has reported that Cassava Technologies has launched an AI sovereign cloud platform, while Airtel Africa is developing a 44MW data centre in Kenya.
Power reliability, regulation, fibre connectivity and access to suitable land will nevertheless determine which countries attract the largest projects.
The delay affecting the proposed $1bn Microsoft-G42 data centre in Kenya has highlighted the commercial and electricity constraints facing hyperscale developments.
Six operating markets
Raxio operates data centres in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Cote d’Ivoire and Angola, with a Tanzanian facility under development.
Its $30m Angola centre became the group’s sixth operational facility and was designed with an initial capacity of 3MW, scalable to 7MW.
Raxio’s carrier-neutral model allows customers to connect to multiple telecommunications and network providers rather than depending on a single carrier.
Power remains critical test
The group said it was increasing rack densities to support high-performance computing and AI applications while exploring further expansion opportunities.
It is also assessing renewable-energy options as the growing power requirements of data centres place additional pressure on African electricity systems.
The shift towards deployments of 10MW and above will test the ability of operators to secure dependable electricity, suitable land and sufficient network connectivity while controlling the environmental impact of increasingly energy-intensive infrastructure.
Roha founder Brooks Washington and Meridiam Africa chief operating officer Mete Saracoglu said their increased backing reflected confidence in Raxio’s management, strategy and potential to scale across underserved digital markets.
