AI Infrastructure·Kenya
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Raxio Tops $380 Million in Committed Capital as AI Workloads Drive Sixfold Demand Jump
Pan-African data centre operator Raxio Group has surpassed $380 million in committed capital after shareholders Roha and Meridiam increased their equity support, extending its capital base from a previous $350 million.
By Africa AI Ledger Desk · 13 July 2026 · 1 min read
Pan-African data centre operator Raxio Group has surpassed $380 million in committed capital after shareholders Roha and Meridiam increased their equity support, extending its capital base from a previous $350 million.
The Capital Raise
Raxio Group's committed capital base grew from $350 million to $380 million after fresh equity from existing shareholders Roha and Meridiam.
AI Workloads Driving Demand
Raxio signed contracts for six times as much power in the first half of 2026 as in the same period a year earlier, which the company attributed to rising demand from cloud migration and AI workloads.
Sources: linkedin.com, Raxio Group