According to the company, the approach helps broaden access to affordable internet services and extends connectivity to communities that may otherwise be overlooked by traditional telecommunications providers.
A private credit fund focused on technology and digital infrastructure has deployed a structured funding facility to support the expansion of fibre and wireless broadband networks in underserved South African communities.
Tech Credit Fund (TCF), a private credit platform under Solcon Capital, announced that it has provided funding to Accelerit Technologies to accelerate the rollout of connectivity infrastructure across parts of Mpumalanga, Gauteng and the Northern Cape.
The funding will enable Accelerit to expand its Fibre-to-the-Home (FTTH), Wireless-to-the-Home (WTTH) and Fibre-to-the-Business (FTTB) networks in six communities, including Ermelo, Phomolong, Etwatwa and Carletonville, where the company has been extending internet access to townships, peri-urban areas and rural communities that have historically lacked reliable connectivity.
TCF CEO, Pramod Venkatesh, said the investment aligns with the fund’s objective of supporting businesses that have already demonstrated operational success but require growth capital to scale.
