Kenya

Africa50 – Project Finance

Africa50's Role


Equity investment

Co-investors


Africa50, Novastar, Poa Internet

Impact

Productivity:

  • Poa's solution helps bridge Africa's digital divide by increasing access to reliable and affordable internet to low-and medium income communities that were previously unconnected.
  • Greater access to education, other e-services, revenue generation activities, and more broadly, GDP growth in Kenya and other markets. 
  • Potential to improve connectivity at schools without access.
  • Poa’s solution is offered at a significantly cheaper price than alternative providers (more than 50% cheaper). 

Environment:

  • As part of its operations, Poa is committed to implement best practices in terms of energy efficiency, waste management, etc. and is continuously monitoring and improving its environmental performance.
  • As part of the Series C investment, Poa will implement an updated ESG action plan.

Employment:

  • 89 employees (February 2022).

Project Photos

You are currently offline. Some pages or content may fail to load.