Cassava Technologies has pledged a complete of R4.5 billion (~$250 million) in funding in South Africa by way of its enterprise models—Liquid Intelligent Technologies, Africa Data Centres, and Distributed Power Africa.
The announcement was made through the fifth South Africa Investment Conference (SAIC) on April thirteenth, in assist of SA President Cyril Ramaphosa’s initiative to drive funding into the nation.
Through the funding, Cassava, which has operations in Africa, the Middle East, Europe, USA, and Latin America, will proceed to convey internationally recognised providers and merchandise to South Africa by way of the group’s renewable power, cloud & cyber safety, knowledge centres and broadband connectivity enterprise models.
“South Africa accounts for the largest proportion of Africa’s industrial GDP with a sophisticated and growing ICT sector. The country’s unique combination of highly developed first-world economic infrastructure and a stable macro-economic environment affords businesses like ours a conducive investment environment in which we can partner with government to drive economic development and create jobs,” said Hardy Pemhiwa, President & Group CEO of Cassava Technologies.
Cassava’s funding pledge contains key initiatives, together with the growth of the Liquid Intelligent Technologies fibre community, the extension of Africa Data Centres capability and footprint, enhanced cloud and cyber safety capability, and the rollout of fresh, renewable power by Distributed Power Africa in South Africa.
According to the corporate, the investments will contribute in the direction of positioning South Africa as a horny funding vacation spot and allow larger inclusion of all South Africans per Cassava’s imaginative and prescient of a digitally linked future that leaves no African behind.
…. to be continued
Read the Original Article
Copyright for syndicated content material belongs to the linked Source : TechCabal – https://techcabal.com/2023/04/14/cassava-south-africa-investment/