Raxio Data Centers, an African data center operator with a presence in Ethiopia, has announced that it has secured a sustainability-linked debt facility of up to $170 million to finance its data center development and expansion plans in Africa. In the past, Raxio has been backed by investments from Roha and Meridiam, and the new funding will be used to accelerate Raxio’s growth in African markets and will support the construction and expansion of existing and new facilities in the region.
The package includes energy efficiency, responsible water use practices, and female empowerment as key principles that align with the values of the lenders and Raxio.
Raxio’s current footprint covers seven countries in Africa, including Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire, Angola, and Tanzania.
In Ethiopia, Raxio has a Tier III-ready carrier-neutral data center situated in the ICT Park.
In the past, Raxio has been backed by investments from Roha and Meridiam, and the new funding will be used to accelerate Raxio’s growth in African markets and will support the construction and expansion of existing and new facilities in the region.