The Tech Credit Fund (TCF) has deployed a structured private credit facility to TOGIT, a 100% youth Black-owned telecommunications and IT infrastructure services provider, to accelerate its infrastructure rollout and operational capacity.
Telecommunications infrastructure expansion in South Africa remains execution-intensive and capital-dependent. Rollout programs require upfront mobilization, equipment procurement, and alignment of working capital with project revenue cycles. Traditional lending frameworks do not always accommodate this profile.
“This facility reflects our focus on structured private credit solutions that align with the operational realities of infrastructure businesses. Telecommunications rollout requires disciplined execution and capital timing that matches project delivery cycles. TOGIT has demonstrated the technical capability and growth trajectory that support this form of funding. Our role is to structure capital in a way that enables responsible expansion,” says Pramod Venkatesh, CEO of Tech Credit Fund.
The facility has been structured to align with TOGIT’s contracted infrastructure implementation projects and revenue model. The funding will support the ISP’s expansion plan and fibre deployment, telecommunications infrastructure build activities, and the strengthening of operational delivery capacity across public and private sector engagements.
“This funding is a significant milestone for TOGIT, enabling us to accelerate infrastructure rollout while maintaining operational discipline. It strengthens our ability to mobilize resources efficiently, expand the capacity of fibre and telecommunications infrastructure, and meet the delivery requirements of our clients. Access to structured, growth-aligned capital is critical for businesses operating in infrastructure-heavy environments,” says Siyabonga Nkumane, Director of TOGIT.
The deployment forms part of the Tech Credit Fund’s broader strategy to address the funding gap faced by growth-stage telecommunications and technology infrastructure businesses.
