Raxio Group secures $100m for sub-Saharan data centres

Date:

Share post:


The sub-Saharan African data centre company, Raxio Group, has announced an agreement with the International Finance Corporation (IFC) (a member of the World Bank Group), having secured $100 million in financing.

The investment is set to boost Raxio’s expansion of data centres in Africa in the next three years. The funds will support data centre technologies including cloud computing, AI, and digital financial services, held to be important to Africa’s economic development. Raxio hopes to help more Africans from underprivileged…



Source link

spot_img

Related articles

Precision and Resonance: A Strategic Guide to Healthcare PR Distribution in the GCC

DUBAI, UAE – (ARAB NEWSWIRE) — The healthcare sector in the Gulf Cooperation Council (GCC) is undergoing...

الدقة والتأثير: دليل استراتيجي لتوزيع العلاقات العامة للرعاية الصحية في دول مجلس التعاون الخليجي

دبي، الإمارات العربية المتحدة – (ARAB NEWSWIRE) — يشهد قطاع الرعاية الصحية في مجلس التعاون الخليجي (GCC)...

Navan CTO’s bullish take: ‘Do not use LLMs; use agentic systems’

AI agents are poised to replace standalone LLMs in the enterprise, if Ilan Twig CTO and co-founder...

Paula Scher’s First Foray Into Automotive Design: Why the Premium G Series Is the “Only Answer”

Beijing, China — (ARAB NEWSWIRE) — In the high-end off-road world, truly capable vehicles rarely need lengthy...