Raxio Data Centers, an African data center operator with a presence in Ethiopia, has announced that it has secured a sustainability-linked debt facility of up to $170 million to finance its data center development and expansion plans in Africa.

The financing package includes $110 million from Proparco and the Emerging Africa Infrastructure Fund (EAIF), which are both development finance institutions with a joint objective of contributing to the development of digital infrastructure in Africa.

Raxio’s current footprint covers seven countries in Africa, including Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire, Angola, and Tanzania.

In Ethiopia, Raxio has a…

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