En Afrique, the developer and operator of regional data centers Raxio Group finances centers in several countries, including Ethiopia and Angola. Recently, the International Finance Corporation (IFC), the private investment arm of the World Bank, approved a $100 million investment in favor of the group

Raxio Group is the leading African provider of operator-neutral colocation data centers. According to a press release from the World Bank, this is the largest debt financing debt ever undertaken in Africa by the IFC. This reflects the growing interest of global institutions in the continent's digital economy, where mobile money, artificial intelligence-based services, and cloud-based platforms are growing rapidly.

After opening its first facility in Uganda in 2021, Raxio is building a network of world-class data centers, including one in Côte d'Ivoire and others under construction in Mozambique, Ethiopia, and the Democratic Republic of Congo, including one in Côte d'Ivoire and others under construction in Mozambique, Ethiopia, and the Democratic Republic of Congo. According to Sarvesh Suri, IFC's regional director for infrastructure and natural resources in Africa, “data centers as such and global digital connectivity are an important area of focus for IFC.” According to him, improving digital connectivity and building the foundations of digital infrastructure are essential to support economic growth in Africa.