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Finnfund supports digital inclusion in Kenya.
Finnfund has closed a $4 million debt investment with Poa Internet Kenya Ltd., a leading internet service provider.
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The financing will help Poa expand its broadband network and improve internet accessibility in underserved communities across Kenya.
Bridging the Digital Divide
The investment is aimed at delivering affordable high-speed internet to low-income areas, advancing digital inclusion and boosting economic growth.
Finnfund noted that digital infrastructure is one of its strategic priorities, with affordable broadband enabling access to:
- Remote work opportunities
- Financial services
- Education and e-learning
- Healthcare services
- Small business participation in global value chains
“This investment, supported by the European Union and the European Fund for Sustainable Development Plus (EFSD+), underscores our commitment to fostering connectivity and inclusion across Africa,” said Kelvin Kiiru, Investment Associate at Finnfund.
Partnership with Nokia and Finnish-Kenyan Collaboration
Poa Internet’s expansion will leverage Nokia’s fibre technology, ensuring reliable and scalable infrastructure.
Earlier in May 2025, Finland’s President Alexander Stubb and First Lady Suzanne Innes-Stubb visited Nairobi’s Kawangware community to witness Poa’s work in providing affordable residential internet and its impact on low-income households.
Driving Affordable Broadband Access
“With Finnfund’s support and Nokia’s infrastructure, we will expand affordable broadband access to more Kenyan communities,” said Andy Halsall, CEO of Poa Internet.
“Broadband is a fundamental enabler for trade, healthcare, education, and government services across Africa.”
EU Endorses Human-Centred Digitalisation
The EU described the investment as part of its Global Gateway initiative, which supports sustainable connectivity projects worldwide.
“This investment proves that human-centred digitalisation is not just a vision but a reality—empowering people, creating opportunities, and strengthening social inclusion,” said Henriette Geiger, EU Ambassador to Kenya.
