Raxio Group Enters Tanzania With $380 Million Funding Pool
Updated
Updated · Bloomberg · Jul 13
Raxio Group Enters Tanzania With $380 Million Funding Pool
1 articles · Updated · Bloomberg · Jul 13
Summary
Raxio Group said it will enter Tanzania after lifting its funding pool to $380 million, marking the Africa-focused data-center firm's latest expansion move.
The larger war chest came from additional capital secured from its main shareholders, Meridiam and Roha Group Inc., Chief Executive Officer Robert Mullins said.
Mullins said the new funding will support a broader push to expand Raxio's presence across the continent, with Tanzania the newest target market.