Congratulations to Cassava Technologies on raising critical capital for their AI business and digital solutions business unit. This is a significant leap for technological innovation in Africa. At Higherlife Foundation, we are excited about AI's potential to address critical challenges and enhance development outcomes across the continent. We look forward to exploring collaborations that leverage AI for social impact.
I am proud to announce that we have raised $310M of capital to reinforce our position as a global technology company of African heritage. 🌍 We have successfully closed a $90M equity investment round from world-class partners: U.S. International Development Finance Corporation, Google and Finnfund. They now join Econet Group, British International Investment, Public Investment Corporation, Royal Bafokeng Holdings, Gateway Partners, and Fund for Export Development in Africa (FEDA) as our shareholders. 🔄 Additionally, Liquid Intelligent Technologies one of our businesses, has signed a USD 220M equivalent ZAR debt refinancing with the support of Standard Bank Group, RMB - Rand Merchant Bank Nedbank and IFC - International Finance Corporation further strengthening our balance sheet. 🚀 This $310M of financing, combined with our strategic reorganization, is part of our repositioning to an integrated digital solutions platform delivering: Broadband Connectivity, Co-location (data centres), Cloud, Cybersecurity, AI Computing and Fintech services in our chosen markets. These milestones are not just numbers – they represent trust from global investors, dedication of our teams, trust of our customers and support of our shareholders and partners who believe in our vision of a digitally connected future that leaves no African behind.
Congrats!
Administrator at Bulawayo Nursing Care
5dWell done