Haynes Boone Advises Raxio on $100M IFC Deal to Fuel Africa’s Data Center Boom.
Global law firm Haynes Boone has represented Raxio Group, a leading pan-African data center developer and operator, in securing a landmark $100 million debt financing package from the International Finance Corporation (IFC), a member of the World Bank Group.
The funding represents IFC’s largest digital infrastructure investment in Africa to date and will support Raxio’s aggressive rollout of Tier III colocation data centers across underserved markets in Sub-Saharan Africa, including Ethiopia, Angola, Mozambique, Côte d’Ivoire, Tanzania, and the Democratic Republic of Congo. This strategic expansion aims to meet surging demand for digital services such as AI, cloud computing, and digital financial platforms across the continent.
Haynes Boone’s Project Finance team advised on the complex, multi-jurisdictional deal structure. The transaction was led by London-based Partner Conrad Purcell, with support from Associates Kayley Rousell and Shu Shu Wong, and Trainee Solicitor Zainab Al-Qaimi.
The financing package includes concessional funding from the GROW Facility, which promotes inclusive economic growth and gender equity, and the IDA Private Sector Window, which supports private investment in fragile and low-income markets.
“Raxio’s business model shows how digital infrastructure can empower businesses, governments and communities to thrive in the digital economy,” said Sarvesh Suri, IFC Regional Industry Director.
“This partnership between Raxio and IFC is set to strengthen Africa’s digital ecosystem and catalyze further investments and regional integration, building a more inclusive and sustainable future.”
Founded in 2018 by Roha Group, Raxio has rapidly grown into a premier provider of carrier-neutral, Tier III-certified data centers in Africa. With earlier funding from Proparco, EAAIF, and equity support from Meridiam, Raxio is on track to double its operations within three years.
“This funding from IFC is a powerful endorsement of Raxio’s vision and operational excellence. It will allow us to bring critical infrastructure to the regions that need it most and attract further investment as we continue to grow. Together with our other partners, we’re building the foundation for Africa’s digital future and setting new benchmarks for sustainability.” said Robert Skjødt, CEO of Raxio Group.
Raxio’s facilities are engineered for 24/7 uptime, integrating renewable energy and energy-efficient cooling to minimize environmental impact. New hubs in Kinshasa and Abidjan are set to power economic integration in Francophone West Africa and beyond.
Raxio Group is a leading pan-African data center operator, delivering Tier III-certified, carrier-neutral colocation facilities across Sub-Saharan Africa. Founded in 2018 and headquartered in Amsterdam, Raxio supports the continent’s digital growth with scalable, sustainable infrastructure in underserved markets. Its data centers are designed for high availability and efficiency, enabling critical services like cloud computing and AI. Backed by investors including Meridiam and IFC, Raxio is rapidly expanding its presence across key African economies.
Haynes and Boone, LLP is an international corporate law firm with more than 700 lawyers across 19 offices in the U.S., London, Mexico City, and Shanghai. Founded in 1970 and headquartered in Dallas, the firm is recognized as an American Lawyer Top 100 firm and serves clients across key sectors including energy, technology, financial services, and real estate.
Haynes Boone provides comprehensive legal counsel in over 40 practice areas, with particular strength in corporate law, mergers and acquisitions, capital markets, project finance, litigation, and intellectual property. The firm is known for its collaborative, client-focused approach and its ability to deliver practical, business-oriented solutions in complex legal environments.
Committed to excellence, Haynes Boone has been recognized for its workplace culture and well-being initiatives, including receiving the Gold-level Bell Seal for Workplace Mental Health. The firm’s values emphasize innovation, inclusion, and long-term client partnerships.
