Poa Internet, a Nairobi-based internet service provider, secured a US$4 million debt investment from Finnfund to expand its low-cost broadband access in underserved areas. This funding will scale up Poa’s network, utilizing Nokia fiber infrastructure to reach more homes and small businesses.

• Poa Internet holds about 13% of the ISPs market share in Kenya.
• The investment was provided by Finnfund, an impact investor whose biggest shareholder is the State of Finland (96.60%).
• Finnish President Alexander Stubb visited Kawangware in May to observe Poa’s operations firsthand.
• Andy Halsall, CEO of Poa Internet, stated that the financing will enable them to bring highly affordable internet to even more Kenyan communities.