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Infrastructure investment platform Africa50 has completed an equity investment in Poa, a Kenyan ISP primarily serving lower-income urban communities. The investment is part of a USD28 million financing round led by Africa50, which will be used to support Poa’s future growth plans across Kenya, as well as launch the business into further African markets. Also participating in...

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Electricity distributor Kenya Power plans to connect millions of homes in rural locations with broadband internet via its fibre-optic network infrastructure, reports Business Daily. The company currently leases the fibre cables on its transmission lines to broadband operators including Safaricom, Wananchi and Jamii Telecommunications, but now plans to directly offer high speed internet services to...

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In the second quarter of 2021, Safaricom already held 64.2% of the Kenyan telecoms market. Airtel, which sees a difficult future for its activities if such a situation persists, has brought to light the dominant character of its main competitor. The mobile operator Airtel Kenya filed a petition last week with the parliamentary committee in charge...

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Telkom Kenya Limited, the Helios Investment Partners and Government of Kenya joint venture, has signed a memorandum of understanding (MOU) with Ericsson, the telecommunications company, and NEC XON, the systems integrator, to add 2,000 wireless sites onto Telkom Kenya’s network by 2023. The approximately $100-million nationwide rollout is part of Telkom Kenya’s long-term network expansion...

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The Central Bank of Kenya (CBK) has accused Nairobi-based payment services provider Mobile Pay Ltd of failing to comply with national payment service and system policies and regulations, and this week revoked the company’s license. According to the CBK, Mobile Pay Ltd (which operates the Tangaza telecommunications brand) failed to submit audited annual financial accounts...

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Seacom, the company that built the first subsea fibre telecommunications cable to serve Africa’s east coast, has acquired the metropolitan fibre network of Kenya’s Hirani Telecom. The network will be incorporated into Seacom’s existing metro network in Nairobi, and will be under its full control, the company said in a statement on Wednesday. The value of...