Finnfund, Finland’s development financier, has committed a $4 million debt investment to Poa Internet Kenya Ltd., a Kenyan internet service provider. This funding is intended to strengthen Poa Internet’s network, thereby expanding affordable broadband access to underserved communities throughout Kenya. The initiative is supported by the European Union and the European Fund for Sustainable Development Plus (EFSD+), as part of the EU’s Global Gateway program.
Founded in 2015, Poa Internet has become a prominent player in delivering low-cost internet services to low- and middle-income areas in Kenya. The company offers unlimited home internet plans starting at KES 1,575 per month, a price significantly lower than traditional providers. With more than 238,000 subscribers, Poa Internet ranks among Kenya’s largest internet service providers.
The investment will help expand Poa Internet’s fiber network, utilizing Nokia’s technology to enhance infrastructure and service delivery. Finnfund’s backing highlights its commitment to advancing digital inclusion and fostering economic growth across the continent.
This collaboration is in line with Kenya’s broader goals of reducing the digital divide and ensuring inclusive access to digital services. By improving internet connectivity in underserved regions, the initiative aims to unlock opportunities in education, healthcare, and economic development.
Got a Story to Tell?
Share your journey with TechInAfrica and connect with thousands of African founders, investors, venture capitalists, tech leaders, and industry decision-makers. Whether you’re building the next big thing or reshaping the future of tech in Africa, we’ll help you get your story in front of the people who matter.