Cassava Technologies, a pan-African tech company operating across Africa, has received an undisclosed investment from U.S. chipmaker NVIDIA.
The company plans to use the capital to expand operations across Africa, the Middle East, and Latin America, while scaling its data centres, cloud platforms, and digital services to narrow Africa’s digital divide.
“Securing this investment is an important milestone that we expect to unlock additional value from and catalyse the further expansion of our digital infrastructure and services to bridge the digital divide on the continent,” said Hardy Pemhiwa, Cassava’s President and Group CEO.
The deal positions Cassava as a vertically integrated player across cloud, connectivity, fintech, and artificial intelligence. In April, Bloomberg reported that the company planned to invest up to $720 million in Africa’s first AI factory, which NVIDIA will help build.
Cassava operates a network of businesses that form a unified digital ecosystem, including Liquid Intelligent Technologies, Africa Data Centres, Liquid C2, Cassava.ai, and Sasai Fintech. Together, they deliver high-speed connectivity, cloud and cybersecurity solutions, AI platforms, and financial technology services across 94 countries, driving digital transformation and inclusive growth.
The investment also shows NVIDIA’s growing focus on Africa’s AI and data infrastructure. As demand for AI computing surges, companies like Cassava provide a way to localise processing power and develop homegrown AI capabilities across the continent.
NVIDIA joins a strong lineup of Cassava’s existing investors, including Econet Group, British International Investment, DFC, Finnfund, Afreximbank’s Fund for Export Development in Africa (FEDA), Gateway Capital, Google, IFC, Public Investment Corporation, and Royal Bafokeng Holdings.
