MICROCAPITAL BRIEF: Verdant Capital Facilitates $2.5m in Lending for Enable Capital to Support SMEs Building Internet Infrastructure in South Africa

The African firm Verdant Capital recently opened a revolving credit facility of USD 2.5 million for South Africa’s Enable Capital, which funds small and medium-sized enterprises (SMEs) that build fiber telecommunications infrastructure, especially outside of wealthy areas. Enable Capital was established in 2018, and it since has invested USD 78 million in approximately 250 SMEs. These investments include funding for projects in partnership with network owners such as Metrofibre and Vumatel.

Verdant Capital, a corporate finance firm with offices in Ghana, Mauritius and South Africa, provides capital raising as well as merger and acquisition advisory services to clients in Africa. These clients span the agri-business, renewable energy, business services, financial services and manufacturing industries.

By Rohan Kumar Agarwal, Research Associate

Sources and Additional Resources

Verdant Capital newsletter
https://mailchi.mp/verdant-cap/financial-inclusion-africa-6256767?e=ffbec819fd

Enable Capital homepage
https://enablecapital.azurewebsites.net/

Verdant Capital homepage
https://verdant-cap.com/

Previous MicroCapital article on Verdant Capital
https://www.microcapital.org/microcapital-brief-patasente-agricultural-trading-platform-accesses-credit-line-via-verdant-capital-for-onlending-invoice-discounting-in-uganda/

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