Connect with us

News

#Verdant Capital funds Enable Capital

Published

on

#Verdant Capital funds Enable Capital—Verdant Capital (www.Verdant-Cap.com) is pleased to announce a USD 2.5 million revolving credit facility for Enable Capital of South Africa.

Enable Capital specialises in providing short-term funding solutions to SME subcontractors involved in the physical construction and deployment of local, regional, and national fibre network infrastructure across South Africa.

Enable Capital has built up a successful track record since inception in 2018 – it has provided financial support of more than ZAR 1.5 billion to more than 250 SMEs.  In doing so, it has facilitated meaningful growth for businesses in South Africa’s SME sector, where access to finance remains a key inhibitor. Enable Capital aims to be the primary funding partner on major projects that have been officially approved by fibre network owners (e.g., Vumatel and Metrofibre).

Enable Capital’s funding solutions specifically help address challenges faced by SME subcontractors such as equipment hire, supply of building materials and diesel where Enable Capital deals with suppliers and service providers directly in bulk, to the benefit of the subcontractors.

Enable Capital has a proven track record helping small business in the country grown significantly, transitioning from small subcontractors to large primary contractors, creating many new jobs in the process.

The partnership with Verdant Capital will allow Enable Capital to continue to support SMEs involved with the deployment of fibre while impacting economic growth in areas and communities where it is most needed. This includes the rollout of fibre network infrastructure outside of affluent areas where there is unequal access to the internet, thereby increasing access to the internet for all.

The funding was provided through Verdant Capital’s investment partnerships strategy supporting high-impact businesses and financial institutions operating in the African continent.

GET IT NOW

Entertainment3 days ago

“Subhanallah” – Controversial video emerges as Muslim woman in a niqāb twerks at a social event

Entertainment2 days ago

“Peller wey just start skit last month don buy G wagon”- Skit maker, Peller allegedly buys a new Mercedes Benz SUV

Entertainment2 days ago

“We won’t stop until we bring relief to Nigerians” — Tinubu promises

Entertainment20 hours ago

“And I dey here dey fine ₦1k?” – Nigerian man turns heads as he lavishes ₦1.1 million on a Bulldog amid hardship

News2 days ago

At Last, Oba Elegushi Breaks Silence On Fathering Mohbad’s Son, Petitions Interpol For Arrest [SEE LETTER]

Entertainment2 days ago

“I once played for Nigeria before choosing music as my career”– Pasuma reveals why he chose music over football

Hiphop2 days ago

MP3: SZA Ft. Ol’ Dirty Bastard – Forgiveless

Hiphop2 days ago

MP3: Potter Payper – Thanks For Waiting

Entertainment2 days ago

“You hold someone’s husband to ransom and you’re blabbing” – Rita Edochie blasts Judy Austin over advice to young girls

Entertainment2 days ago

“Na government liability”- Reactions as Seyi Vibez yanks off ‘musician’ from bio, replaces with ‘government official’

News2 days ago

Watch Viral Video Of Gold Viv” Vivian Gold Kaitetsi On Twitter & TikTok

Gossips2 days ago

Malcolm Ford: Exploring The Life Of Harrison Ford’s Son

News2 days ago

SirBalo gifts himself G-Wagon to celebrate 10-year achievements

Hiphop2 days ago

MP3: Snupe Bandz – Blocstar

Entertainment2 days ago

“Tell truth My voice Dey ginger body” – Davido reveals why everyone adores his voice

Trending