Cassava Technologies has committed to making a total investment in South Africa of R4.5 billion (about $250 million) through its three different business groups, which are Liquid Intelligent Technologies, Africa Data Centres, and Distributed Power Africa.
On April 13th, the statement was made in support of South African President Cyril Ramaphosa’s initiative to attract investment into the country during the fifth South Africa Investment Conference (SAIC).
Cassava, which has operations in Africa, the Middle East, Europe, the United States of America, and Latin America, will keep delivering globally recognised services and products to South Africa through the group’s renewable energy, cloud & cyber security, data centres, and broadband connectivity business units thanks to the investment. Cassava currently has operations in Africa, the Middle East, Europe, the United States of America, and Latin America.
Hardy Pemhiwa, President and Group CEO of Cassava Technologies, stated that “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 macroeconomic environment affords businesses like ours a conducive investment environment in which we can partner with government to drive economic development and create jobs.”
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Cassava’s Investment Pledge
The Cassava investment pledge includes several important projects, such as the extension of the fibre network operated by Liquid Intelligent Technologies, the expansion of the capacity and footprint of Africa Data Centres, improved cloud and cyber security capabilities, and the rollout of clean, renewable energy in South Africa by Distributed Power Africa.
According to the company, the investments will go towards promoting South Africa as an attractive investment location and enable greater inclusion of all South Africans. This will be consistent with Cassava’s vision of a digitally linked future that leaves no African behind.
Previous Updates on Cassava Technologies and its Subsidiaries
The signing of a Memorandum of Understanding (MoU) between the Zambian Minister of Science and Technology and digital infrastructure provider Liquid Telecommunications, one of Cassava Technologies’ subsidiaries, took place sometime during the month of March 2023.
As part of the Giga initiative, which is being directed by the International Telecommunication Union and Unicef and aims to connect every school in the world to the internet, Liquid Telecommunications has been given the responsibility of bringing Internet connectivity to schools as well as the healthcare industry.
Liquid Intelligent Moves To Empower Nigerians In Tech Delivery
The CEO said, “We recognise the significant efforts that the Zambian government is making to accelerate the country’s digital transformation and share His Excellency President Hichilema’s vision for the development of Zambia’s digital economy. Given the conducive investment environment, we are committed to further investments in Zambia’s digital infrastructure.”
Africa Data Centres, another subsidiary of Cassava Technologies, has recently formed a partnership with TechAccess in order to install a data centre infrastructure management system (DCIM) across all of its facilities located in Johannesburg and Cape Town, South Africa; Nairobi, Kenya; and Lagos, Nigeria.
TechAccess is in charge of all aspects of the platform’s development, including its software, hardware, integrations, and overall project management. This will comprise of technologies from two distinct vendors: software to optimise data centre operations provided by EkkoSense, and a platform to manage assets provided by Assetspire.
TechAccess CTO Jaxon Martin said, “We aim to deliver next-generation DCIM together with our partners Assetspire and Ekkosense through innovative and industry-leading analytics and machine learning, giving our customers such Africa Data Centres a true, competitive edge.”
“This will assist Africa Data Centres and its partners to gain critical insights into their operations, with direct and instant access to real-time data at the click of a button. When combined with analytics, these insights will enable our customers to realize a wide range of savings in terms of time, money, and increased productivity,” Africa Data Centres CEO, Tesh Durvasula also said.