📋 Tender Overview
Project Number: 48537
Company Name: Raxio Group
Date SPI Disclosed: Apr 17, 2024
Country: Africa Region
Region: Africa
Projected Board Date: Jun 28, 2024
Environmental Category: B
Status: Pending Approval
Last Updated Date: Jun 20, 2024
Department: Regional Industry - INF Africa
Industry: Telecommunications, Media, and Technology
Sector: Internet Access Providers (Including ISPs, Datacenters)
Additional Project Attributes: Blended Finance
Project Description
Raxio (or the Company ) was established in 2018 to address latent demand for DC infrastructure across underserved African markets by building and operating a platform of data centers ( DCs ). Raxio’s DCs are designed to accommodate a variety of customer needs ranging from small and medium enterprises, Hyperscalers, Internet Service Providers, Telcos, Financial services, Regional Carriers, Content Delivery Networks, Cloud Services Providers, and Mobile Network Operators.
IFC investment will be up to US$100 million for the phased development of a portfolio of ten metro – edge carrier-neutral DCs in with a total capacity of 13.5MW and total cost of US$293 million. Current target markets include Uganda, Ethiopia, Tanzania, Mozambique, Angola, Ivory Coast, and the Democratic Republic of Congo (DRC). The project is expected to be supported by the IDA20 Private Sector Window Blended Finance Facility as described in the Blended Finance section.
Total Project Cost and amount and nature of IFC's Investment: The total project cost is estimated at US$293 million, to be financed with US$88 million in equity, US$165 million in senior debt and US$40 million in subordinated debt. IFC investment comprised of (i) a Senior Loan of up to US$60 million; (ii) and a Subordinated Loan of up to US$40 million.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
