Debt facility · Business services
Ilitha secures ZAR500m Absa facility for fibre expansion
Absa provided the full facility to support broadband access in underserved South African communities.
Absa announced a ZAR500 million financing facility for Ilitha Telecommunications on 31 August 2026. Absa Corporate and Investment Banking acted as mandated lead arranger and original lender, providing the full facility.
The financing supports expansion of Ilitha’s fibre network across South Africa’s township communities. Ilitha builds and operates broadband infrastructure and provides internet services, focusing on affordable access for underserved households.
Use of funds
Expand fibre networks in underserved South African communities
Funding history
Debt facility · This roundZAR 500M