With cloud spend continuing to surge, tech companies are scrambling to meet demand for the necessary infrastructure, with the growing need for AI compute only adding fuel to the fire. By way of example, Microsoft and BlackRock have created a $30 billion fund to support new data centers and energy infrastructure for the burgeoning AI […] © 2024 TechCrunch. All rights reserved. For personal use only.

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Google joins $90M investment into Cassava to bolster Africa's digital infrastructure

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Cassava Technologies Secures USD 310 Million in Funding and Completes Business Reorganization

Zawya

Google continues to build on its commitment to invest $1 billion in Africa’s digital economy. As AFROTECH previously reported, Google announced on Oct. 6, 2021, that it would focus on supporting the continent’s tech sector over the next five years to make the internet more accessible. “Today I’m excited to reaffirm our commitment to the continent through an investment of $1 billion over five years to support Africa’s digital transformation to co…

AfroTech

Google Participates In A $90M Funding Round For African Telecom Provider, Inches Closer To Fulfilling Its $1B Commitment To The Continent’s Digital Economy

Google has joined a $90 million equity investment round in Cassava Technologies, a step in supporting Africa's digital infrastructure.

POCIT. Telling the stories and thoughts of people of color in tech.

Google Joins $90M Investment In Cassava To Grow Africa's Digital Infrastructure

African Billionaire Strive Masiyiwa’s Cassava Technologies has raised $90 million to bolster its balance sheet and fuel growth. Cassava has closed a $90 million equity investment round, with participation from the International Development Finance Corporation (DFC), the Finnish Fund for Industrial Cooperation (Finnfund), and Google.  The funding is a key part of Cassava’s plan to strengthen its balance sheet, drive sustainable, profitable growth…

UrbanGeekz

African Billionaire Strive Masiyiwa’s Cassava Technologies Closes $90M Funding Round

The technology firm closes an equity investment round of R1.6 billion, which will form a key part of its plan to strengthen its balance sheet and drive sustainable profitable growth.

itweb.co.za

Cassava secures billions in funding

Cassava Technologies (Cassava) (www.CassavaTechnologies.com), a global technology leader of African heritage, proudly announces three significant milestones: a substantial equity injection, the successful completion of its South African Rand (ZAR) debt… Read More »Cassava Technologies Secures USD 310 Million in Funding and Completes Business Reorganization

Africa.com

LONDON – Cassava Technologies (Cassava), a global technology leader of African heritage, proudly announces three significant milestones: a substantial equity injection, the successful completion of its South African Rand (ZAR) debt refinancing, and the finalization of its legal reorganization. These strategic initiatives position Cassava for robust growth underpinned by a strong balance sheet.Cassava has closed an equity investment round of $90 …

dailynews.co.zw

Cassava technologies secures US$ 310 million in funding and completes business reorganization – DailyNews

Cassava Technologies, the parent company of Africa Data Centres has raised $310 million in funding. This was disclosed by the company in a statement seen by Technext. According to the statement, the company has achieved three significant milestones. They include a substantial equity injection of $90 million, the successful completion of its debt refinancing round to the tune of $220 million, and the finalization of its legal reorganization.  The…

technext24.com

Cassava Technologies secures $310 million in debt and equity funding to boost digital inclusion

🌍WASHINGTON, D.C. – The U.S. International Development Finance Corporation (DFC), Finnish Fund for Industrial Cooperation Ltd (Finnfund), and Google LLC today announced an ​​initial ​equity investment of $90 million into Cassava Technologies Limited (“Cassava” or the “Company”). Cassava is a market-leading and diversified information and communications technology (ICT) platform in Africa. Operating in over 30 countries,

Google joins $90M investment into Cassava to bolster Africa's digital infrastructure

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