NVIDIA has invested into Cassava Technologies (Cassava), a pan-Africa tech firm founded by telecom billionaire Strive Masiyiwa.
NVIDIA, which becoming the Engine of AI with its advanced chips, systems, and software for the AI factories of the future is building new AI services that help companies create their own AI factories.
According to Hardy Pemhiwa, President & Group CEO of Cassava Technologies, “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”
Last year, NVIDIA partnered with Microsoft to accelerate AI startup development in Africa. Microsoft Africa’s collaboration with NVIDIA Inception is aimed at helping startup founders leverage Microsoft’s cloud infrastructure, AI tools, and go-to-market support.
Africa is poised to lead in AI-driven solutions, with the highest average entrepreneurial rate in the world and significant investment growth, NVIDIA, which is at the center of AI development, will help more than 2,400 AI startups in Africa that are transforming industries and creating new job opportunities at a rapid pace.
Cassava’s impressive roster of investors now includes Econet Group, British International Investment, Finnfund, Fund for Export Development in Africa (Afreximbank/FEDA), Gateway Capital, Google LLC, International Finance Corporation (IFC), NVIDIA, Public Investment Corporation and Royal Bafokeng Holdings.
Cassava Technologies operates across Africa, the Middle East and Latin America through a strong portfolio of business units comprising Liquid Intelligent Technologies, Africa Data Centres, Liquid C2, Cassava.ai, and Sasai Fintech, all of which are leaders in their respective sectors. The organisation will continue collaborating with its partners and customers on the continent and beyond, establishing it as a leading technology company of African heritage.
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