Telecom

Poa Internet secures USTDA grant to initiate African expansion

Tuesday, 20 December 2022 15:30
Poa Internet secures USTDA grant to initiate African expansion

(Ecofin Agency) - Last January, Poa Internet raised US$28 million to expand its reach in Kenya and gradually enter other African countries. 

Internet service provider Poa Internet Kenya won a grant from the U.S. Trade and Development Agency (USTDA) to conduct a feasibility study on the possibility of expanding its services to one million households in low-income urban areas outside Kenya. An agreement was signed between the two parties on the sidelines of the U.S-Africa Summit held in Washington, D.C., last December 13-15.

According to the USTDA, Poa Internet will evaluate 14 African markets and recommend three for expansion. The study will provide a detailed analysis of these markets, including a supply and demand assessment, regulatory and legal analysis, environmental and social impact assessment, and go-to-market recommendations.

This project accelerates Poa Internet's expansion strategy in Africa. The company raised US$28 million earlier this year in a Series C financing round led by Africa50. It said at the time that it would use the funding to expand its reach, first in Kenya and then gradually to other countries on the continent. Currently, Poa Internet serves more than 11,000 connected households. It has more than 10,000 hotspots across the streets of Kenya and more than 60,000 Wi-Fi subscribers.

Its African expansion plan comes against a backdrop of growing demand for high-speed connectivity and accelerating digital transformation on the continent. However, Internet penetration in Africa is still low. In its "Mobile Economy Sub-Saharan Africa 2022," the GSM Association (GSMA)  states that only 40% of the Sub-Saharan African adult population has access to the Internet.

We are delighted to form this partnership with USTDA as we continue with our journey to bring affordable Internet access to Africa. This grant from USTDA will support our geographic expansion and goals of advancing inclusive, secure, and sustainable connectivity to lower-income urban communities,” said Andy Halsall (photo, right), CEO of Poa Internet. 

Isaac K. Kassouwi





 
Finance


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.