Kenya’s Mawingu Secures $20M to Bridge Rural Digital Divide in East Africa
Mawingu Networks Ltd., a pioneering internet service provider in Kenya, has successfully raised $20 million in Series C funding. This significant capital injection is earmarked for accelerating the deployment of affordable broadband across underserved rural communities, a critical step towards digital inclusion in the region. The round was exclusively led by Pembani Remgro Infrastructure Managers, a prominent Johannesburg-based private equity firm renowned for its strategic investments in vital African infrastructure projects. This funding underscores a strong belief in Mawingu’s model and its potential to revolutionize connectivity in East Africa.
Driving Connectivity and Regional Growth
Currently serving more than 120,000 individuals across Kenya, Mawingu is poised for substantial growth with this new funding. The company has articulated an ambitious vision to connect one million East Africans by 2028, significantly broadening its impact. Farouk Ramji, Mawingu’s Chief Executive Officer, highlighted the profound significance of this achievement. “Raising capital in today’s environment is no small feat. It demands execution, resilience, and extraordinary people,” Ramji stated. “This Series C is more than just a financing milestone. It’s a validation of our model, our people, and our mission to transform lives through connectivity.” This investment not only fuels domestic expansion but also supports Mawingu’s strategic regional ambitions, evidenced by its entry into Tanzania in 2024 through a pivotal acquisition, marking a key step in its broader East African outreach.
This $20 million investment is a pivotal moment for rural internet access in East Africa, affirming Mawingu Networks’ crucial role in bridging the digital divide. By expanding its high-quality, affordable broadband services, Mawingu is set to unlock new opportunities for education, commerce, and social development in communities that have historically lacked reliable internet. This commitment to infrastructure development, backed by significant international investment, exemplifies the growing momentum in African tech and its potential to transform lives, demonstrating that digital empowerment is within reach for millions.
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