
Aruwa Capital Makes Follow-On Investment in Hibiscus Exporter AgroEknor
Aruwa Capital Management, a leading early-stage growth equity fund, has announced a follow-on investment in AgroEknor, a prominent hibiscus flower exporter and wellness brand.
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Cassava Technologies has teamed up with Nvidia to launch Africa’s first AI factory, which will be built in South Africa.
The move is expected to strengthen Africa’s position in the global tech industry and improve the continent’s access to advanced AI infrastructure.
The new AI factory will act as a central hub for developing and deploying artificial intelligence solutions designed specifically for Africa.
According to Bloomberg, the facility will support projects that address local challenges and create opportunities across sectors such as healthcare, agriculture, finance, and education.
Nvidia, a global leader in AI computing, brings powerful technology and expertise to the partnership.
Cassava Technologies contributes its deep understanding of Africa’s market needs and regional dynamics. Together, the two companies aim to speed up the adoption of AI technologies in Africa, making them more accessible and relevant to the continent’s realities.
This partnership builds on Nvidia’s previous work in Africa. The company recently worked with Gebeya, a talent development platform, to train 50,000 software developers in AI skills.
That effort was focused on closing the AI skills gap and supporting innovation in Africa’s tech sector.
South Africa was chosen as the site for the new AI factory because of its strong digital infrastructure and growing community of technology professionals. The country has become a key player in Africa’s emerging digital economy.
The factory is expected to create new jobs and drive economic growth in the region.
It also represents an important step in building Africa’s capacity to lead in AI development and innovation.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Aruwa Capital Management, a leading early-stage growth equity fund, has announced a follow-on investment in AgroEknor, a prominent hibiscus flower exporter and wellness brand.
Intron Health, a pioneering Nigerian health-tech startup, has successfully raised $1.6 million in a pre-seed funding round led by Microtraction.
Egyptian ed-tech startup Educatly has raised a $2.5 million funding round led by TLcom Capital and Plus VC, with participation from Egypt Venture and Ireland’s HBAN syndicate.