A sustainability-linked debt facility of up to US$170 million in multiple tranches has been secured by Raxio Data Centres, a leading pan-African data centre developer and operator.
Raxio, investment firm Roha and independent investment benefit corporation and asset manager Meridiam announced this week that they had successfully secured the financing package. It includes US$110 million from Proparco, a subsidiary of Agence Française de Développement Group, and the Emerging Africa Infrastructure Fund (EAIF), a private infrastructure development group (PIDG) company.
Raxio says the financing will enable it to progress with its ambitious roll-out strategy of Tier III certified, data centre infrastructure across the continent. Raxio adds that its current portfolio of sites, built or under development, already gives Raxio the widest geographic coverage of any data centre operator in Africa.
This sustainability-linked financing package, anchored in ESG principles, 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; 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.