{"id":97466,"date":"2025-08-27T23:58:11","date_gmt":"2025-08-27T23:58:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/97466\/"},"modified":"2025-08-27T23:58:11","modified_gmt":"2025-08-27T23:58:11","slug":"finnfund-invests-4m-in-poa-internet-to-boost-affordable-broadband-in-kenya","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/97466\/","title":{"rendered":"Finnfund Invests $4M in Poa Internet to Boost Affordable Broadband in Kenya"},"content":{"rendered":"<p>The investment aims to support Poa Internet in bridging the digital divide by providing affordable broadband internet to underserved communities in Kenya.<\/p>\n<p>        <img width=\"1200\" height=\"809\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/08\/kenya-15.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" fetchpriority=\"high\"  \/>    <\/p>\n<p><a href=\"https:\/\/www.bing.com\/ck\/a?!&amp;&amp;p=70cc98ee1c1fa2cc5b860921cc3041f4219854c7f29879f699580806cdb758b2JmltdHM9MTc1NjI1MjgwMA&amp;ptn=3&amp;ver=2&amp;hsh=4&amp;fclid=051b631f-871d-6148-21c8-76e786a960e1&amp;psq=Finnfund&amp;u=a1aHR0cHM6Ly93d3cuZmlubmZ1bmQuZmkvZW4v&amp;ntb=1\" target=\"_blank\" rel=\"nofollow noopener\" auto-attrs=\"\">Finnfund\u00a0<\/a> closed a 4 million US dollar debt investment with <a href=\"https:\/\/poa.co.ke\/\" target=\"_blank\" rel=\"nofollow noopener\" auto-attrs=\"\">Poa Internet Kenya Ltd\u00a0<\/a>., a Kenyan internet service provider, to expand its network and improve internet accessibility. The investment aims to support Poa Internet in bridging the digital divide by providing affordable broadband internet to underserved communities in Kenya.<\/p>\n<p>\u201cWe are excited to support Poa Internet in expanding its provision of high-speed internet to lower income areas in Kenya. At Finnfund, digital infrastructure is one of our strategic priorities. Improving digital connectivity through affordable broadband internet supports economic growth and enables inclusive access to remote work, financial services, education, healthcare, and provides possibilities for small businesses to connect with global value chains. This new investment, supported by the European Union and the European Fund for Sustainable Development Plus, underscores our commitment to fostering digital inclusion and economic growth across the continent.\u201d<\/p>\n<p>\u2013 Kelvin Kiiru, Investment Associate, Finnfund<\/p>\n<p>Finnfund is acting in a broader Finnish-Kenyan context with Nokia serving as preferred fibre technology partner for Poa Internet. Furthermore, earlier this year in May the President of the Republic of Finland Alexander Stubb, and\u202fhis spouse Suzanne Innes-Stubb visited Kawangware in Nairobi to learn about Poa Internet\u2019s operations in the area, including affordable residential internet services and the transformative impact of connectivity in low-income communities.<\/p>\n<p>\u201cWe 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. Using Finnfund\u2019s financing and Nokia\u2019s fibre infrastructure we will be able to bring Poa\u2019s highly affordable internet service to even more Kenyan communities and increase their digital inclusion.\u201d<\/p>\n<p>\u2013 Andy Halsall, CEO, Poa Internet<\/p>\n<p>\u201cAs part of the EU\u2019s Global Gateway, this investment in Poa Internet is bringing high-speed, affordable internet to more under-served neighbourhoods and vibrant communities in Kenya\u2019s cities. It proves that human-centred digitalisation is not just a vision, but a reality\u2014one that empowers people, creates opportunities, and strengthens social inclusion. The private sector is a crucial partner in this journey, helping us bridge the digital divide and ensure that everyone can participate in and benefit from the digital economy.\u201d<\/p>\n<p>\u2013 Henriette Geiger, EU Ambassador, Kenya<\/p>\n","protected":false},"excerpt":{"rendered":"The investment aims to support Poa Internet in bridging the digital divide by providing affordable broadband internet to&hellip;\n","protected":false},"author":2,"featured_media":97467,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[1638,86,56,54,55],"class_list":{"0":"post-97466","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-internet","8":"tag-internet","9":"tag-technology","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/97466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=97466"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/97466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/97467"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=97466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=97466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=97466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}