Kenya: Internet service provider Mawingu raises US$9 mln to expand operations

By : Samira Njoya

Date : mercredi, 01 février 2023 16:33

The internet service provider currently operates in 15 counties but, it plans to add 10 more counties to its network, therefore providing services to over 250,000 Kenyans over the next five years.

 recently announced the closing of its US$9 million Series B funding round. It raised US$6 million fromInfraCo Africa's investment arm and US$1.5 million from E3 Capital and the same amount from the Dutch Entrepreneurial Development Bank FMO.

"Mawingu’s aim is not to simply drop an Internet cable at someone’s house. We seek to help our customers access new opportunities for work, education, entertainment, and social connections through the power of the internet," said Mawigu's CEO, Farouk Ramji.

Since 2012, Mawingu has been providing internet services in Kenyan rural and peri-urban areas. In late 2022, it was claiming over 7,500 active users and more than 300,000 hotspot users across the country.

Its ambition is to give internet access to 100 million Africans. For Claire Jarratt, InfraCo Africa Chief Investment Officer, Mawingu contributes to economic development by providing internet access to populations. "As our first telecoms investment, Mawingu appealed to us as its services are designed to provide affordable internet access tailored to the needs of underserved rural customers," she said.

Samira Njoya

TECH STARS

Please publish modules in offcanvas position.