Raxio Secures $100 Million Financing to Boost African Digital Infrastructure

April 10, 2025 - 14:34

In a significant move to enhance the digital landscape in Africa, a prominent data centre firm has secured $100 million in financing from the International Finance Corporation (IFC). This funding aims to bolster economic growth and promote digital inclusion throughout the continent.

The investment will facilitate improved access to computer processing capacity, enabling businesses and individuals to leverage technology more effectively. By expanding its data centre operations, the firm intends to provide essential services that support a growing demand for digital solutions across various sectors.

This initiative is particularly crucial as Africa continues to witness rapid technological advancements and an increasing reliance on digital platforms. The funding will not only enhance the firm's infrastructure but also contribute to job creation and skill development within local communities. As digital connectivity becomes increasingly vital for economic development, this investment represents a pivotal step towards a more inclusive and digitally empowered Africa.