Mawingu Secures $15M to Scale Internet Connectivity in East Africa
TLDR
- Kenya-based Mawingu acquires Habari, an ISP in Tanzania, for digital connectivity expansion in East Africa.
- Habari contributes 25 years of experience in providing Internet and ICT solutions to rural areas.
- Mawingu secures KSh 1.9 billion in financing for expansion, focusing on reaching 1 million people in East Africa by 2028.
Kenya-based Internet Service Provider Mawingu has acquired Habari, an ISP operating in seven regions across Tanzania, to expand digital connectivity in underserved areas of East Africa. Habari brings over 25 years of experience providing Internet and ICT solutions to rural households and businesses.
Mawingu secured KSh 1.9 billion ($15 million) in financing for this expansion, including KSh 1.4 billion ($11 million) in long-term debt from the Africa Go Green Fund (AGG), managed by Cygnum Capital, and KSh 0.5 billion ($4 million) from InfraCo Africa and Dutch development bank FMO.
The acquisition aligns with Mawingu’s strategy to scale its affordable Internet services across rural and peri-urban communities, replicating its success in Kenya. The company plans to reach 1 million people across East Africa by 2028 through a disciplined "buy-and-build" approach, acquiring and growing ISPs in target markets.
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Key Takeaways
Mawingu’s acquisition of Habari underscores its commitment to tackling the digital gap in East Africa, where rural areas often face limited and costly Internet access. With a focus on scalable and sustainable networks, Mawingu aims to drive economic development by enabling affordable, reliable Internet access, and unlocking opportunities in education, employment, and community growth across the region.
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