Pan-African data center developer and operator, Raxio Data Centers and its shareholders – Roha and Meridiam, have just announced that they successfully secured a sustainability-linked debt facility of up to $170 million (USD), to accelerate their digital transformation plans in Africa

With footprint covering seven countries in Africa, including Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire, Angola and Tanzania, the new funding is intended to help accelerate Raxio’s growth in African markets and to support the construction and expansion of its existing and new facilities in the region.

“We launched Raxio in 2018 because we saw the significant potential for data centers across Africa. We’re looking forward to Raxio continuing its strong momentum and we are excited to build an African data center champion,” said Brooks Washington, Partner at Roha.

The debt facility is in multiple tranches as stated by Raxio, including USD 110 million from Proparco and the Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company. As announced, Proparco is a development finance institution, and EAIF is an infrastructure investor – both shared a joint objective to contribute to developing digital infrastructure in Africa.

“This is a momentous milestone for Raxio, and we are very excited to have found in Proparco and EAIF the ideal long-term partners, with common objectives and values. This substantial additional funding package is a resounding endorsement of what we have achieved so far and the soundness of our expansion strategy, and clearly positions Raxio as a leader in delivering world-class data center infrastructure to markets across Africa,” said Robert Mullins, CEO of Raxio Data Centers.

Raxio also recently announced that it plans to build new data center facility in Angola, to further expand its Africa footprint. Codenamed Raxio Angola, the new facility is set to be a carrier neutral, Tier III data center, located in the Cacuaco district, on the outskirts of Luanda, and expected to deliver more than 6MW of IT capacity.