Africa: Meridiam to invest USD 48 mln in Raxio data centres
March 29th 2021
The Raxio Group and the asset and fund manager Meridiam have announced a partnership to deploy a network of data centres in Africa. Meridiam will invest USD 48 million in the deployment of data centres in Africa, where both Raxio and Meridiam already have a presence. Meridiam’s investment is made alongside Raxio’s founding equity partner, Roha Group, which established Raxio in 2018 and has been funding the company since inception.
Raxio’s facilities use state-of-the-art design and technologies to minimise the impact on the environment. Equipment choices are adapted to the local environmental and climatic conditions with a view to cutting energy consumption. Raxio is working on connecting its facilities to local renewable generation capabilities such as solar power, in addition to the hydropower sources it is currently using.
Raxio data centres will facilitate internet traffic to and from content providers locally and make the internet faster, more resilient, and more affordable for all users. They will also support the growth of the African IT sector and will be a catalyst for highly skilled job creation in all the planned countries. To improve latency and connectivity for businesses, Raxio works with local, regional and international connectivity providers to share ducts and ensure its sites are located along major fibre routes.
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