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# Cassava secures $50 million to accelerate digital connectivity and inclusion in Africa
- URL: https://www.techloy.com/cassava-secures-50-million-to-accelerate-digital-connectivity-and-inclusion-in-africa/
- Published: 2022-07-18T20:13:55.000Z
- Updated: 2022-12-08T02:05:13.000Z
- Author: Techloy
- Tags: Tech in Africa, Broadband, Zimbabwe

[Cassava Technologies](http://www.cassavatechnologies.com/), a pan-African technology company has secured a $50 million investment from US-based C5 Capital, as part of a broader funding round expected to reach $500 million to accelerate Cassava’s digital infrastructure and services businesses in the African continent.

- The tech company offers solutions including fibre networks, data centres, renewable energy, cloud, cyber security, and fintech to millions of businesses.
- The funding will enable Cassava to increase digital connectivity and inclusion in Africa, while it becomes the go-to-market partner in Africa for C5’s companies to deliver cyber security, satellite and space technology and clean energy solutions.
- Cassava Technologies has operations in more than 20 African countries and has been at the forefront of bringing innovative technology solutions to local businesses and individuals.
- Previously, C5 and Cassava announced a joint venture deal through Haven Cyber, a C5 portfolio company and Cassava to scale Microsoft’s suite of cybersecurity products across Africa to help combat the threat of cybercrime.
- The company was founded by Zimbabwean billionnaire, Strive Masiyiwa whose networth is estimated at $2.7 billion according to *Forbes*, and generates around $1 billion in revenue per year, according to CEO Hardy Pemhiwa in a *Bloomberg* interview.