Friday, May 3, 2024

Raxio's data center expansion in EA sparks IFC's $100M loan


Groundbreaking ceremony for Raxio data centre. Photo Courtesy of Raxio group

Photo: FILE
Groundbreaking ceremony for Raxio data centre. Photo Courtesy of Raxio group

By Guardian Reporter , The Guardian

Tanzania is set to benefit from Raxio's data center roll-out in East Africa. The International Finance Corporation (IFC) is exploring a loan of up to US$100 million for Raxio Group to facilitate the phased development of 10 carrier-neutral data centers in Africa.

This initiative aims to create a total capacity of 13.5MW across the continent.

 Raxio is focusing on constructing Tier III data centers in key markets such as Tanzania, Angola, Ethiopia, Democratic Republic of Congo (DRC), Cote D'Ivoire, Mozambique, and Uganda.

 The first data center by Raxio was completed at Namanve Industrial Park in Uganda in December 2021, with a second center established in Addis Ababa, Ethiopia towards the end of the previous year.

 According to the IFC disclosure made on 17 April, the company has begun construction of the data centres in Angola, DRC, Cote D'Ivoire and Mozambique with targeted commissioning in 2024.

 The data centre proposed for Tanzania is in the pre-development phase, while the sites for the additional three centres will be determined by business needs.

 The projected date for the IFC board to approve the loan is 21 May. 

 Construction of the data centre in Cacuaco on the outskirts of the Angolan capital Luanda began in September 2023.

 The facility is scheduled to come online in the second half of this year and will have an initial capacity of 3MW. It will be able to scale up to 7MW and accommodate more than 1,600 racks. 

 The newly opened data centre in Addis Adaba offers secure colocation space for up to 800 racks, delivering up to 3MW of IT power.

 Raxio was established in 2018 to develop, build and operate Tier III data centres across Africa. Its main shareholders are US-based investment firm Roha Group and France’s Meridiam. In October 2023, they injected an additional US$46 million in equity funding to support the roll-out of the data centres. In April of that year, Raxio also secured a debt facility of US$170 million from France’s Proparco and the Emerging Africa Infrastructure Fund.

The IFC is the private sector arm of the World Bank.

No comments :

Post a Comment