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Home Investment World Bank backs Africa digital data push with $100m Raxio deal

Investment

World Bank backs Africa digital data push with $100m Raxio deal

April 3, 2025

The World Bank’s private investment arm is backing the rush into digital data in Africa with a $100m investment in regional data centre developer and operator Raxio Group, funding centres from Ethiopia to Angola.Digital demand on the continent is surging, but infrastructure remains scarce. Africa accounts for less than 1% of the world’s data centre…

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