Cassava Technologies Secures Strategic Investment to Accelerate Africa Data Centres' Expansion

Strategic Insights -

Cassava Technologies, a pan-African technology group, has announced a strategic investment by STANLIB Infrastructure Investments to accelerate the growth of Africa Data Centres' footprint in South Africa. This partnership comes as the demand for digital infrastructure continues to rise in the country. The investment will drive the expansion and development of AI-ready data centres at Africa Data Centres' campuses in Johannesburg and Cape Town.

Key Takeaways:

  • Cassava Technologies, a pan-African technology group, has secured a strategic investment from STANLIB Infrastructure Investments to accelerate Africa Data Centres' expansion in South Africa.
  • The investment will drive the development and expansion of AI-ready data centres at Africa Data Centres' campuses in Johannesburg and Cape Town.
  • Africa Data Centres currently operates seven state-of-the-art data centre facilities across Africa, serving more than 400 enterprise and hyperscale customers.
  • The partnership will enable Africa Data Centres to cater to the growing demand for digital infrastructure in South Africa.
  • Cassava Technologies aims to establish itself as a leading global technology company of African heritage, with a presence in 94 countries.
  • STANLIB Asset Management has over R580 billion in assets under management and invests in sustainable assets that contribute to South Africa's economic development.
  • Africa Data Centres owns and operates Africa's largest network of interconnected, carrier and cloud-neutral data centre facilities, providing trusted data centre services and interconnections across Africa.

Statistics:

  • Africa Data Centres operates seven state-of-the-art data centre facilities across Africa.
  • The company serves more than 400 enterprise and hyperscale customers.
  • STANLIB Asset Management has over R580 billion in assets under management.
  • Cassava Technologies has a presence in 94 countries.
  • Africa Data Centres has a strong presence in South, East, and West Africa, with world-class data centre facilities.

Sources:

  • STANLIB Infrastructure Investments
  • Cassava Technologies
  • Africa Data Centres
  • STANLIB Asset Management