Cassava Technologies announces strategic investments and advances in bringing GPU-as-a-Service to Africa
Liquid Telecommunications Holding Limited’s parent company, Cassava Technologies (“Cassava”), has announced three major transactions that will see Liquid receive more than $150 million in fresh equity capital to be used as part of its debt refinancing plan. Cassava has received an equity investment from NVIDIA, the leading GPU and AI technology company. NVIDIA becomes the […]
Liquid Intelligent Technologies Rwanda’s annual US$100,000 donation honours decade-long, million-dollar commitment to preserving memory of the Genocide against the Tutsi
Liquid Intelligent Technologies (Liquid), a business of Cassava Technologies, a global technology leader of African heritage, has reaffirmed its dedication to safeguarding Rwanda’s history with a US$100,000 donation to the Imbuto Foundation, marking the company’s ongoing commitment to honouring the memory of the 1994 genocide against the Tutsi. Liquid’s annual contribution helps to ensure that […]
Signing of new facilities to refinance the South African Rand Term Loan
Leading pan-African technology solutions group, Liquid Intelligent Technologies, a business of Cassava Technologies, today announces the signing of new facilities to refinance its South African Rand term loan on a multi-tenor basis. The new South African Rand facilities for USD 220 million equivalent are comprised of 3-, 5- and 7-year tranches with bullet and amortising […]
IFC and RMB partner with Liquid Intelligent Technologies to accelerate digital transformation in South Africa
Liquid Intelligent Technologies, a business of Cassava Technologies, a pan-African technology group, will receive R450 million in funding from the International Finance Corporation (IFC) and Rand Merchant Bank (RMB) each for its South African operations. The total investment of R900 million will support universal and affordable broadband access in the Eastern Cape Fibre Project. “The […]
Liquid Intelligent Technologies South Africa reaffirms its commitment to technological investment in the Eastern Cape
Liquid Intelligent Technologies, a business of Cassava Technologies, a pan-African technology group, is proud to announce the opening of its office in East London in the Eastern Cape (EC). “The new East London office establishes a local presence for Liquid in the province, reinforcing our commitment to providing best-in-class service by leveraging advanced technology, offering […]
Covenant extension agreed with lending partners
Leading pan-African technology solutions group Liquid Intelligent Technologies, a business of Cassava Technologies, today announces the extension of Liquid’s net debt:EBITDA covenant threshold in respect of its ZAR term loan and RCF. Earlier this year we engaged with our lending partners on a pre-emptive basis due to the prospect of further exchange rate volatility in […]
Cassava Technologies pledges R4.5 billion in investment into the South African economy
Cassava Technologies has pledged a total of R4.5 billion in investment in South Africa through its business units – Liquid Intelligent Technologies, Africa Data Centres and Distributed Power Africa. The announcement was made during the fifth South Africa Investment Conference (SAIC) in support of SA President Cyril Ramaphosa’s initiative to drive investment into the country, […]
Liquid Intelligent Technologies Acquires Leading Cloud And Cyber Security Provider in Egypt, Boosting Its Portfolio in Africa and The Middle East
Liquid Intelligent Technologies today announces that it has acquired Cysiv MEA, a technology company that was formerly SecureMisr, headquartered in Cairo. The business specialises in providing enterprise cloud and cyber security services to some of Egypt’s leading companies, particularly in the financial services sector. The acquisition allows the London-based group with operations in Africa, UK, […]
Liquid Intelligent Technologies Receives $180m Investment from CDC Group Plc
Partnership aligned to a common vision of expanding broadband connectivity and the adoption of cloud services across the African continent Liquid Intelligent Technologies has reached an agreement with CDC Group Plc, the UK’s development finance institution, to invest $180m with the company. This investment will enable Liquid Intelligent Technologies to expand its high-speed broadband connectivity […]
