DFC invests $50 million in Cassava Technologies to strengthen digital infrastructure in Africa
Type: Investment · Technology: Telecom · Country: Africa · Value: $50M · Announced: 2026-03-17
DFC has invested $50 million in Cassava Technologies to bolster secure digital infrastructure across Africa. This investment aims to counter risks associated with technology ecosystems that could be influenced by strategic competitors. The funding will support the expansion and enhancement of Cassava Technologies' digital infrastructure, including networks, data centers, and fiberoptics. This strategic investment is part of DFC's broader effort to accelerate U.S.-led connectivity, commerce, and growth in the region.
Counterparties
- DFC (Investor)
- Cassava Technologies (Developer)
- US International Development Finance Corporation (DFC) (Investor)