Home Cassava Technologies Cassava TechnologiesDigital solutions increase productivity and improve access to products and services, thus promoting and accelerating the achievement of all 17 Sustainable Development Goals. Photo: Shutterstock In brief Cassava is a market-leading and diversified information and communications technology (ICT) platform in Africa. Operating in over 30 countries, Cassava provides digital infrastructure and digital solutions to mostly enterprise and hyperscale customers across Africa with its primary operations in broadband connectivity, co-location (data centers), cloud, cybersecurity and payment solutions. Finnfund, DFC, and Google have invested together USD 90,000,000 in equity in Cassava Technologies to support Cassava’s effort to expand its digital infrastructure and enhance connectivity across the continent, connecting millions of individuals and businesses to the internet. Digital solutions increase productivity and improve access to products and services, thus promoting and accelerating the achievement of all 17 Sustainable Development Goals. Photo: Shutterstock Main development impact Sub-Saharan Africa is one of the world’s fastest growing markets for internet demand, yet the region’s digital infrastructure regularly suffers from underinvestment. Cassava’s vital digital infrastructure serves this market demand through its network of interconnected data centers and over 110,000 kilometers of fiber network. The company extends wide reach of high development impact across its verticals such as improving reliability and access to the internet, promoting digital inclusion towards microenterprises and small and medium-sized enterprises to gain access to digital services, financial inclusion, and climate mitigation through solar energy, and promoting energy efficiency in its data centers. Through the cooperation with Finnfund and other investors, the company strives to further deepen and strengthen its impact approach, for example, on gender equality, and environmental and social sustainability. The transaction is classified as a 2X Challenge investment by Finnfund with the company exceeding targets for female employment in the telecommunication sector and meeting the target for senior management. Cassava and Finnfund have also signed a 2X Memorandum of Understanding, which marks the company’s commitment to developing its approach on gender equality. Investment details Name: Cassava Technologies Project number: 80000453 Region: Africa Country: Africa Sector: Digital infrastructure and solutions Signing date (month/year): December 2024 Currency: USD Finnfund's financing (commitment): 15,000,000 Instrument: Equity Size of the project financing: USD 90,000,000 Share of Finnfund's financing (%): 17 % Part of the European Fund for Sustainable Development Plus (EFSD+): Yes Status: Active Website: https://www.cassavatechnologies.com/ Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year. Read our transparency and disclosure policy More information: News Current investments Business sectors Contact us Key facts Name: Cassava Technologies Sector: Digital infrastructure and solutions Region: Africa Country: Africa Currency: USD Finnfund's financing (commitment): 15,000,000 Signing date (month/year): December 2024 Last update: April 2025