poa! internet has taken a significant step forward in its mission to expand affordable broadband access across Kenya after securing a US$4 million debt investment from Finnfund. This funding will enable the Nairobi-based internet service provider to scale its network further using fiber infrastructure supplied by Nokia. The investment reflects a strong commitment to bridging the digital divide by ensuring that households and small businesses in underserved areas can access reliable, low-cost internet services that were previously out of reach.
Finnfund, an impact investor backed by the State of Finland and its export credit agency, highlighted that the financing, supported by the European Union and the European Fund for Sustainable Development Plus, aligns with its vision of advancing digital inclusion and economic empowerment in Africa. By channeling resources into companies like Poa Internet, Finnfund is playing a vital role in enabling affordable internet access, a key driver of economic participation and social advancement in the modern economy.
With its innovative approach to pricing and expansion, Poa Internet has emerged as a leading player in Kenya’s broadband market, holding about 13% market share according to the Communication Authority of Kenya. The company added more than 23,000 subscribers in the quarter ending June, fueled by demand in Nairobi’s satellite estates and informal settlements. Poa’s business model of unlimited, affordable broadband is gaining momentum as it fills the gap left by larger providers who often overlook lower-income areas.
This milestone also comes at a time when global attention is being drawn to the impact of digital connectivity in local communities. Earlier this year, Finnish President Alexander Stubb and his spouse Suzanne Innes-Stubb visited Kawangware, one of Poa’s operating areas, to witness firsthand how broadband access is transforming lives. With the backing of Finnfund and advanced fiber solutions from Nokia, Poa Internet is well-positioned to drive inclusive digital growth, empower small businesses, and unlock opportunities in education, healthcare, trade, and public services across Kenya.
Poa Internet Raises $4M to Expand Affordable Broadband Access
