Nvidia has invested in African technology group Cassava Technologies.
Hardy Pemhiwa, president and group CEO of Cassava Technologies, comments: “Cassava is Africa’s leading technology company, driving the continent’s digital transformation with digital infrastructure and digital services. Securing this investment is an important milestone that we expect to unlock additional value from and catalyze the further expansion of our digital infrastructure and services to bridge the digital divide on the continent.”
Cassava’s roster of investors now includes Econet Group, British International Investment, DFC, Finnfund, Fund for Export Development in Africa (Afreximbank/FEDA), Gateway Capital, Google, International Finance Corporation (IFC), Nvidia, Public Investment Corporation and Royal Bafokeng Holdings.
The group operates across Africa, the Middle East and Latin America through a portfolio of business units comprising Liquid Intelligent Technologies, Africa Data Centres, Liquid C2, Cassava.ai, and Sasai Fintech.