Africa-focused data-center colocation operator Raxio Group plans to enter Tanzania following an increase in its funding pool to $380 million, its chief executive officer Robert Mullins says. Multiple reports describe Raxio as a pan-African operator focused on high-quality data-center infrastructure. The additional funding is provided by the company’s two main shareholders, Meridiam and Roha Group, which both inject fresh equity, according to the sources. The coverage characterizes the funding increase as part of Raxio’s broader expansion plans across Africa, citing continued demand for data-center infrastructure. While the reports do not specify the exact projects or sites in Tanzania, they indicate the company is preparing to operate in the country as it draws on the newly committed funds. Overall, the agreed points across outlets are Raxio’s Tanzanian entry plans and the $380 million equity-backed funding pool supplied by its primary investors.
Raxio to Expand Into Tanzania After Raising $380 Million Funding Pool
Africa-focused data-center colocation operator Raxio Group plans to enter Tanzania following an increase in its funding pool to $380 million, its chief executive officer Robert Mullins says. Multiple...
- Raxio Group plans to enter Tanzania.
- Raxio increases its funding pool to $380 million.
- The funding comes as fresh equity from two main shareholders: Meridiam and Roha Group.
- Raxio is described as a pan-African data-center colocation operator.
- The announcements are linked to ongoing demand for data-center infrastructure across Africa.
Raxio Group, the pan-African colocation operator, is entering Tanzania and has lifted its funding pool to $380m. The money comes from its two main shareholders, the French infrastructure investor Meridiam and the US-based Roha Group, both of which have put fresh equity in before. “Demand for high-quality data centre infrastructure continues to accelerate across Africa, driven by […] This story continues at The Next Web
4 hours agoAfrica-focused data-center firm Raxio Group plans to enter Tanzania as it increases its funding pool to $380 million, Chief Executive Officer Robert Mullins said.
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