Groot Systems

The company provides information about itself and topics of general interest on grootgroup.com.

Groot Systems and PineSuisse are forming a **USD $1.5 billion joint venture** to create **Cillar Exchange Network (Cillarex)**, Africa’s largest blockchain-based stock exchange. The platform targets **daily post-trade activities exceeding USD $3 trillion**, leveraging decentralized infrastructure for investors. The partnership combines Groot’s blockchain expertise with PineSuisse’s regional financial network to accelerate cross-border trading and settlement.

Nov 2019PR.comNews article

Groot Systems secures **$2 billion in strategic funding** from US-based RNS Ventures, boosting its valuation to **$30 billion**. The investment marks a significant milestone for the company, with PineSuisse acquiring a **70% stake** as part of the deal. The funding will likely accelerate expansion and operational scaling for Groot Systems.

Oct 2019PR.comNews article

Groot Glass selects Germany-based **Suntrace GmbH** as technical consultant for its **80MW solar PV power plant** in Tses, Namibia. The company now seeks an **international EPC contractor** for the main construction role and a **local SME** as subcontractor for the PV farm and electrical infrastructure. The project advances Groot Glass’s renewable energy expansion in Africa.

May 2019PR.comNews article

Groot Glass raises $525 million in debt financing to support the construction of two new glass manufacturing facilities. The funding covers 70% of the total $750 million required for the project. The company expands its production capacity to meet growing demand in the glass industry.

Jun 2018PR.comNews article