Raxio, Roha and Meridiam have successfully secured a sustainability-linked debt facility of up to US$170mn in multiple tranches for Raxio Data Centres, a leading pan-African data centre developer and operator Raxio’s current footprint covers seven countries in Africa. (Image source: Meridiam) The financing will enable Raxio to progress with its ambitious roll-out strategy of state-of-the-art, highly reliable and efficient Tier III certified, data centre infrastructure across the continent. The financing package includes US$110mn from Proparco and the Emerging Africa Infrastructure Fund (EAIF) , a Private Infrastructure Development Group (PIDG) company. Proparco is a tier one development finance institution, and EAIF is a leading infrastructure investor; both share a joint objective to contribute to developing digital infrastructure in Africa – supporting digital transformation across the continent. This sustainability-linked financing package promotes energy efficiency, responsible water use practices and female empowerment; all of which align with the core values of the lenders, Raxio, and its shareholders. Raxio’s current footprint covers seven countries in Africa, including Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire, Angola and Tanzania. Raxio has been backed by investments from Roha and Meridiam and the new funding will be used to accelerate Raxio’s growth in African […]
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