Solcon Capital Launches Tech Credit Fund to Empower Black-Owned ISPs in South Africa
The Tech Credit Fund aims to close this gap by offering up to R5 million in debt funding at competitive interest rates, specifically designed to support small and medium-sized ISPs.
Solcon Capital has announced the launch of the Tech Credit Fund, a new subsidiary dedicated to empowering Black-owned Internet Service Providers (ISPs) and accelerating broadband connectivity across South Africa’s townships and rural areas.
With South Africa already positioned as a digital powerhouse — home to 19 submarine cables, 700 MW of data center IT load, and more than 120 million mobile connections — the company noted that over 22 million South Africans remain offline or dependent on costly mobile data. The Tech Credit Fund aims to close this gap by offering up to R5 million in debt funding at competitive interest rates, specifically designed to support small and medium-sized ISPs.
According to Solcon Capital, the fund’s mission is clear: to enable last-mile broadband rollout, stimulate township economies, create jobs, and connect millions to essential digital services in education, healthcare, fintech, and AI-driven innovation.
Beyond providing capital, the fund will also deliver technical and operational support — including guidance on network design, vendor negotiations, and deployment optimization — ensuring every investment translates into measurable, long-term impact.
Solcon Capital also acknowledged the support of the Small Enterprise Development & Finance Agency (SEFA) in making the initiative possible, emphasizing alignment with South Africa’s transformation goals and the national vision for universal broadband by 2030.
“Tech Credit Fund represents a bold step towards a more connected and inclusive South Africa. By enabling SMME ISPs, we are building the foundation for AI-driven growth and a fully digital economy.”
– Andile Ngcaba, Chairman, Solcon Capital
The launch also highlights Solcon Capital’s commitment to the wider investment ecosystem, positioning the Tech Credit Fund as a platform for future co-investment opportunities in South Africa’s rapidly expanding digital infrastructure sector.
