Raxio Data Centres Bolstered by $100M IFC Investment for Pan-African Expansion, Kenya Key Market

While the precise timing of the deal slightly predates the April 2025 focus period, its continued relevance and discussion in May 2025 tech circles provide crucial context for the ongoing surge in digital infrastructure investment across Africa, with Kenya standing as a pivotal market. Raxio, a prominent developer and operator of carrier-neutral data centers, successfully secured a substantial $100 million financing package from the International Finance Corporation (IFC), the private sector arm of the World Bank Group. This significant investment is earmarked to support the ambitious development and expansion of Raxio's data center platform across Sub-Saharan Africa.

Kenya is explicitly identified as a key market within Raxio's expansion strategy, underscoring the country's strategic importance as a digital hub in East Africa. This large-scale investment from a globally recognized institution like the IFC emphasizes the substantial capital currently flowing into the development of the digital infrastructure backbone, which is absolutely critical for sustaining and accelerating the continent's burgeoning technology growth. The development of high-quality, reliable data centers is fundamental for supporting cloud computing services, enabling data sovereignty, facilitating AI development, and ensuring the overall resilience and performance of Africa's digital economy. Raxio's IFC-backed expansion is a strong indicator of the long-term confidence in Africa's digital future.