Raxio Secures $380 Million Funding for Expansion of Data Center Operations in Africa
Latest Tanzania business news · Raxio Secures $380 Million Funding for Expansion of Dat… explained · updated Aug 19, 2026 · business news · companies · investment
TLDR
- Raxio has secured $380 million in funding for the expansion of its data center operations across Africa.
- The funding will support Raxio's efforts to increase its data center capacity in the region.
- Currently, Raxio operates the TZ1 data center in Tanzania with a capacity of 6 MW.
- The demand for electricity for data centers in Africa is projected to rise from 0.4 GW to 2.2 GW by 2030.
- Africa currently holds only about 0.6% of the global data center capacity despite having significant land and energy resources.