Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

Business of Tech

Cassava Technologies to invest $249M in South Africa

Article Image
Infrastructure and digital services provider Cassava Technologies has pledged a total of 4.5 billion South African rand (US$249 million) in investment in South Africa through its business units – Liquid Intelligent Technologies, Africa Data Centres and Distributed Power Africa.

In support of South African President Cyril Ramaphosa's initiative to drive investment into the country, the announcement was made during the fifth South Africa Investment Conference (SAIC) in Sandton last Thursday.

Through this investment, Cassava said it will bring internationally recognized services and products to South Africa through the group's renewable energy, cloud and cyber security, data center, and broadband connectivity business units.

Cassava's investment pledge comprises several key projects, including the expansion of Liquid Intelligent Technologies' fiber network, the extension of Africa Data Centres' capacity and footprint, and enhanced cloud and cyber security capacity.

The investment will also include the rollout of clean, renewable energy by Distributed Power Africa in South Africa.

Cassava Technologies said the investment will bring services and products to the country through its business units. (Source: Image by on Freepik)
Cassava Technologies said the investment will bring services and products to the country through its business units. (Source: Image by on Freepik)

"South Africa accounts for the largest proportion of Africa's industrial gross domestic product (GDP) with a sophisticated and growing ICT sector," said Cassava Technologies President and Group CEO Hardy Pemhiwa.

"The country's unique combination of highly developed first-world economic infrastructure and a stable macroeconomic environment affords businesses like ours a conducive investment environment in which we can partner with government to drive economic development and create jobs," he added.

Cassava's African investments

Cassava's investment pledge comes at a time when the country has been seeing a lot of companies investing in its growth.

Amazon Web Services (AWS) last week announced its plans to invest ZAR30.4 billion ($1.8 billion) in South Africa's cloud infrastructure by 2029.

Cassava Technologies added that its investments will contribute towards positioning the country as an attractive investment destination and enable greater inclusion of all South Africans.

The pledge also comes at a time when the Cassava Technologies business unit Liquid Intelligent Technologies committed to building a data center in Zambia.

Furthermore, the investment pledge follows Cassava Technologies other business unit, Africa Data Centres breaking ground on new facilities in Nairobi, Kenya and Cape Town, South Africa in January 2023.

Related posts:

*Top image is of South African President Cyril Ramaphosa and Cassava Technologies President and Group CEO Hardy Pemhiwa. (Source: Cassava Technologies)

— Matshepo Sehloho, Associate Editor, Connecting Africa

Innovation hub


Four agritech startups to watch in 2024

Connecting Africa has compiled a list of four agritech startups that are making a difference in the communities they serve.


Paymentology looks to strengthen its African roots

Global issuer-processor Paymentology's CEO Jeff Parker spoke to Connecting Africa about the company's African roots and aspirations to work with more banks, fintechs and enterprises both on the continent and globally.

More Innovation hub

Latest video

More videos

Partner perspectives

All Partner Perspectives

Sponsored video

More videos

Industry announcements

More Industry announcements

Upcoming events

Africa Tech Festival 2024
November 11-14, 2024
Cape Town, South Africa
More Upcoming events

Africa Tech Perspectives


Uber's Marjorie Saint-Lot on inclusion and sustainability in Africa

Uber's Country Manager for Ghana and Cote d'Ivoire, Marjorie Saint-Lot, shares how the ride-hailing company is approaching public-private partnerships, environmentally friendly initiatives and gender inclusion in Africa.


The 100 most influential African leaders in 2023

A new report from Africa Tech Festival and Connecting Africa puts a spotlight on the top 100 African leaders in the telecoms and technology sector in 2023.


Deep dive into East Africa's tech startup ecosystem

New survey reveals a lack of access to investors, reliance on international VCs and global recession trends as the biggest barriers for East African tech startups to access funds.

More Africa Tech perspectives

Guest Perspectives


Omdia View: February 2024

By Omdia Analysts

Highlights in February 2024 in the Middle East and Africa included 5G launches in Senegal and 5G trials in Egypt as well as Kenya's first 5G MVNO. Airtel also launched a new wholesale connectivity business while MTN and Huawei are planning a joint Innovation Technology Lab in South Africa – that and more in this month's Omdia View.


Omdia View: January 2024

By Omdia Analysts

Highlights in January 2024 in the Middle East and Africa included a $200 million fintech deal between MTN and Mastercard as well as 5G network trials by Telecom Egypt – that and more in this month's Omdia View.

More Guest Perspectives

Like us on Facebook

Newsletter Sign Up

Sign Up
Tag id test-002