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August 27, 2025
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Finnfund Invests $4M in Kenya’s Poa Internet

Finnfund Invests $4M in Kenya’s Poa Internet

Finnfund invests $4M in Kenya’s Poa Internet to expand affordable broadband access and boost digital inclusion in underserved communities...

✨ Key Highlights

Finnfund, the Finnish development financier, has announced a $4 million debt investment in Kenya’s Poa Internet to expand its network capacity and provide affordable broadband to underserved areas.

  • Poa Internet addresses unequal broadband penetration in Kenya by targeting low-income and peri-urban areas.
  • The funding, supported by the European Union and EFSD+ as part of the EU’s Global Gateway initiative, aims for digital inclusion in Africa.
  • Nokia will serve as Poa’s preferred fibre technology partner, supporting the network rollout.

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Part of the Day's Coverage

New Digital Platforms and Investments Target Kenya's Broadband and Music Sectors - August 2025

TikTok has launched TikTok for Artists in Kenya, providing a centralized platform for musicians to track song performance and optimize music release campaigns to bolster the country's music economy. In a separate development, the Africa Broadband Mapping Systems Project (BPMAPS) was launched in Nairobi, with Kenya selected as one of 11 African countries to benefit. This EU, ITU, and CA-backed initiative aims to close Africa’s digital divide by guiding broadband infrastructure investment through data-driven mapping. Additionally, Finnfund, the Finnish development financier, announced a $4 million debt investment in Kenya’s Poa Internet. This funding is intended to expand the company's network capacity and provide affordable broadband to underserved areas.

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