Zim billionaire Strive Masiyiwa's Liquid Intelligent lands $605m funding to accelerate Africa expansion
Liquid Intelligent secures $605m in fresh funding to cut debt, strengthen its balance sheet and expand digital infrastructure across Africa.
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Liquid Intelligent secures $605m in fresh funding to cut debt, strengthen its balance sheet and expand digital infrastructure across Africa.
Stanlib wants to buy Cassava’s Africa Data Centres after regulators recommended approval, a deal that could reshape South Africa’s fast growing data center market.
Cassava Technologies, backed by billionaire Strive Masiyiwa, secures investment from NVIDIA to boost Africa’s digital and AI growth.
Zimbabwe billionaire Strive Masiyiwa to build five AI factories in Africa within a year through Cassava Technologies.
Strive Masiyiwa sells all Netflix shares as Cassava Technologies ramps up Africa’s AI push with Nvidia-powered data centers.
The partnership marks a strategic move by Cassava to deepen its commitment to digital transformation in Africa through scalable AI solutions.
The facility, which is set to launch in South Africa by June 2025, will provide businesses, governments, and researchers with world-class AI computing capabilities.
The AI factory will integrate NVIDIA’s accelerated computing and AI software using the NVIDIA Cloud Partner (NCP) reference architecture.
Funding supports debt refinancing, restructuring, and expansion across Africa and globally, solidifying its position as a technology leader.
C5 Capital, a specialist venture capital firm, will provide the financing.
Durvasula will take on the leadership role to drive growth, innovation and strategy for Africa Data Centers.