Finnfund, the Finnish development financier, has announced a $4 million debt investment in Poa Internet. The investment will expand Poa’s network capacity.
Poa Internet has positioned itself as a low-cost broadband provider serving areas where connectivity remains out of reach for many households. According to the company, the financing will help extend coverage to new communities and strengthen its existing infrastructure. Nokia, which serves as Poa’s preferred fibre technology partner, will support the rollout.
“We are excited to support Poa Internet in expanding its provision of high-speed internet to lower income areas in Kenya,” said Kelvin Kiiru, Investment Associate at Finnfund. “Improving digital connectivity through affordable broadband supports economic growth and enables inclusive access to remote work, education, healthcare, and financial services.”
The funding is supported by the European Union and the European Fund for Sustainable Development Plus (EFSD+), as part of the EU’s Global Gateway initiative. The EU Ambassador to Kenya, Henriette Geiger, said the project demonstrates how private sector partnerships can make digital inclusion a reality in Africa.
Earlier in May 2025, Finland’s President Alexander Stubb and First Lady Suzanne Innes-Stubb visited Poa Internet operations in Kawangware, Nairobi. The visit highlighted Poa’s role in connecting low-income households and showcased how affordable internet access is transforming communities by unlocking education and business opportunities.
“We are delighted to be partnering with Finnfund on our mission to bring internet access to every home in Africa,” said Andy Halsall, CEO of Poa Internet. “Using Finnfund’s financing and Nokia’s fibre infrastructure, we will reach more communities and increase digital inclusion.”
Why It Matters
Kenya has one of Africa’s most dynamic digital economies, yet broadband penetration remains uneven. According to the Communications Authority of Kenya, as of March 2025, internet penetration stood above 40%, but high-speed broadband adoption is still concentrated in urban centres. Cost, infrastructure gaps, and accessibility challenges continue to limit access in low-income and peri-urban areas.
By targeting underserved neighbourhoods, Poa Internet is addressing a critical barrier to digital transformation. Affordable internet access enables small businesses to engage in digital trade and access global value chains.
Also Read: The Average Poa Internet Customers Uses 200 GB of Data Per month
