Infrastructure fund manager Meridiam is investing $48m (鈧�56m) in a partnership with pan-African data centre developer Raxio Group.
Meridiam and Raxio have joined forces to deploy a network of data centres across Africa, where both Raxio and Meridiam already have a local presence.
Meridiam鈥檚 investment is made alongside Raxio鈥檚 founding equity partner, US-based investment firm Roha Group who established Raxio in 2018, and has been funding the company since its inception.
Following Raxio鈥檚 first facility in Uganda, the company now has presence in Ethiopia and the Democratic Republic of Congo.
Robert Mullins, CEO of Raxio Group said: 鈥淭his investment comes at an ideal time, as we have continued our expansion activities by investing in our third facility 鈥� in the Democratic Republic of Congo 鈥� following our first flagship facility in Uganda and launching the construction of our Ethiopian data centre.
鈥淚t is testament to our strategy of developing an Africa-wide network of local, interconnected facilities, that provide our customers with affordable, state-of-the-art solutions for their IT infrastructure, in a neutral, 鈥渁lways on鈥� environment. Customers are core to the design process to ensure our facilities are efficient, sustainable and cost-effective.
鈥漌ith its extensive knowledge in the development of sustainable infrastructure in the region, we are convinced Meridiam is the partner of choice for us to continue our deployment plans and reach our targets.鈥�
Mathieu Peller, COO Africa for Meridiam said: 鈥淚nvesting in Raxio鈥檚 data centre platform was a natural move for us, as it fits our purpose to delivering sustainable infrastructure that improves the quality of people鈥檚 lives.
鈥淲e are excited to contribute to developing Africa鈥檚 digital infrastructure, by helping to roll-out energy-efficient data centres that will drive the digital transformation of the continent and be a catalyst for highly skilled jobs creation, whilst respecting the local environment.鈥�
In Africa, Meridiam has already invested in infrastructure worth 鈧�4bn in total.
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