Liquid Intelligent Technologies marks fifth year of a decade-long, million-dollar commitment to preserving the memory of the Genocide against the Tutsi in Rwanda
Liquid Intelligent Technologies, a business of Cassava Technologies, a global technology leader, has contributed RWF 130,797,092 to Rwanda’s Imbuto Foundation, marking the fifth year of Liquid’s decade-long, US$1 million commitment to preserving the memory of the 1994 Genocide against the Tutsi. The contribution forms part of Liquid’s ten-year pledge, established in 2022 in collaboration with […]
Group Chief Financial Officer to step down
Leading pan-African digital solutions provider, Liquid Intelligent Technologies, a business of Cassava Technologies, today announces that Group Chief Financial Officer, Lorraine Harper has decided to step down from her role. This follows the successful conclusion of refinancing activities and the close of the most recent financial year. Fayyaz Ansari has been appointed on an interim […]
Liquid Intelligent Technologies Draws Outsized Demand for $300 Million Bond, Signalling Investor Confidence in African Digital Infrastructure
2.5x oversubscription in a risk-selective market underscores the investment case for Africa’s largest independent fibre network In a test of institutional appetite for African credit, Liquid Intelligent Technologies has closed a $ 660 million debt financing round, including a $300 million Eurobond that was oversubscribed 2.5 times – a result that signified a meaningful vote […]
Liquid Intelligent Technologies announces successful pricing of new senior secured notes offering
Liquid Telecommunications Financing plc (the “Issuer”), a subsidiary of Liquid Telecommunications Holdings Limited (the “Company), trading as Liquid Intelligent Technologies (“Liquid”), is pleased to announce that it has successfully priced an offering (the “Offering”) of US$300 million aggregate principal amount of new US$-denominated senior secured notes due 2031 (“Notes”) at a fixed coupon of 10.750% […]
Repayment of South African Rand term loan and Revolving Credit Facility
Agreements in place for USD 410 million in new ZAR and USD credit facilities Leading pan-African technology solutions group, Liquid Intelligent Technologies, a business of Cassava Technologies, today announces the repayment of its South African Rand term loan and Revolving Credit Facility (the “RCF”) and that it has agreed USD 410 million equivalent in new […]
Cassava Technologies announces strategic investments and advances in bringing GPU-as-a-Service to Africa
Liquid Telecommunications Holding Limited’s parent company, Cassava Technologies (“Cassava”), has announced three major transactions that will see Liquid receive more than $150 million in fresh equity capital to be used as part of its debt refinancing plan. Cassava has received an equity investment from NVIDIA, the leading GPU and AI technology company. NVIDIA becomes the […]
Liquid Intelligent Technologies Rwanda’s annual US$100,000 donation honours decade-long, million-dollar commitment to preserving memory of the Genocide against the Tutsi
Liquid Intelligent Technologies (Liquid), a business of Cassava Technologies, a global technology leader of African heritage, has reaffirmed its dedication to safeguarding Rwanda’s history with a US$100,000 donation to the Imbuto Foundation, marking the company’s ongoing commitment to honouring the memory of the 1994 genocide against the Tutsi. Liquid’s annual contribution helps to ensure that […]
Signing of new facilities to refinance the South African Rand Term Loan
Leading pan-African technology solutions group, Liquid Intelligent Technologies, a business of Cassava Technologies, today announces the signing of new facilities to refinance its South African Rand term loan on a multi-tenor basis. The new South African Rand facilities for USD 220 million equivalent are comprised of 3-, 5- and 7-year tranches with bullet and amortising […]
Covenant extension agreed with lending partners
Leading pan-African technology solutions group, Liquid Intelligent Technologies, a business of Cassava Technologies, today announces an extension to the net debt to EBITDA covenant threshold in respect of its ZAR term loan and RCF. During August we engaged with our lending partners on a pre-emptive basis to provide the business with additional headroom, in part […]
IFC and RMB partner with Liquid Intelligent Technologies to accelerate digital transformation in South Africa
Liquid Intelligent Technologies, a business of Cassava Technologies, a pan-African technology group, will receive R450 million in funding from the International Finance Corporation (IFC) and Rand Merchant Bank (RMB) each for its South African operations. The total investment of R900 million will support universal and affordable broadband access in the Eastern Cape Fibre Project. “The […]
