Kenya’s Poa Internet Secures $4M from Finnfund to Accelerate Affordable Broadband Expansion
Kenya’s Poa Internet, a prominent local internet service provider, has successfully raised $4 million in a debt investment from Finnfund. This significant capital injection is set to propel the company’s ambitious plans to expand its network infrastructure and dramatically improve internet accessibility across the nation, particularly in underserved regions. The investment underscores a commitment to bridging the persistent digital divide that affects many communities.
Driving Digital Inclusion: Poa’s Vision and Strategic Partnerships
The $4 million debt financing will be strategically deployed by Poa Internet to provide high-quality, affordable broadband internet to communities that currently lack reliable access. This initiative is crucial for fostering digital inclusion and unlocking socio-economic opportunities. Andy Halsall, CEO of Poa Internet, expressed his excitement about the collaboration, stating, “We are delighted to be partnering with Finnfund on our mission to bring internet access to every home in Africa. Abundant broadband connectivity is a fundamental enabler for trade, education, healthcare and government services.” He further emphasized that with Finnfund’s financial support and Nokia’s advanced fibre infrastructure, Poa will be able to extend its highly affordable internet services to even more Kenyan communities, significantly enhancing their digital participation. This investment is part of a broader Finnish-Kenyan collaborative context, with Nokia serving as Poa Internet’s preferred partner for fibre technology. Additionally, the original source notes a broader engagement, mentioning that earlier this year in May, the President of the Limit to save tokens.
This latest funding round marks a vital step in Poa Internet’s journey to democratize internet access. By focusing on affordability and expanding its robust network, Poa is poised to empower countless Kenyans, enabling them to participate more fully in the digital economy, access essential services, and enhance their overall quality of life. The partnership with Finnfund and Nokia highlights a concerted effort to scale sustainable and impactful digital solutions across the African continent.
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