The continent’s digital aspirations have received a boost with the IFC offering US$100 million in financing to expand data centres.
Sub-Saharan data centre platform Raxio will use the financing package to expand capacity for essential technologies such as artificial intelligence, cloud computing and digital financial services, reports ITWeb.
The loan will enable the company to double its network of colocation data centres over the next three years.
The company is expanding in regions considered to have ‘significant economic potential’, such as Ethiopia, Mozambique, the DRC, Côte d’Ivoire, Tanzania and Angola.
‘Together with our other partners, we’re building the foundation for Africa’s digital future and setting new benchmarks for sustainability,’ says Raxio Group CEO Robert Skjødt.
According to Developing Telecoms, the financing package follows earlier debt funding from French development finance institution Proparco and the Emerging Africa Asia Infrastructure Fund, along with equity investments from Africa-focused investment firm Roha Group and infrastructure specialist Meridiam.
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