Nairobi, Kenya /Arusha, Tanzania: Internet Service Provider (ISP), Mawingu, has raised USD 15 million of debt and equity financing to enable the acquisition of Habari, an Arusha-based ISP with operations across 7 regions in Tanzania. The Africa Go Green Fund (“AGG”), managed by Cygnum Capital, will provide USD 11 million of long-term senior debt. This is supported by an additional USD 4 million investment from InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and from Dutch Entrepreneurial Development Bank FMO. This acquisition will enable the company to replicate its wins in Kenya, into Tanzania and East Africa. The primary objective is to scale Mawingu’s affordable home Internet proposition to underserved communities in East Africa by acquiring and growing ISPs in the target markets.  

It will achieve this expansion into East Africa through‍ the acquisition of Habari, an Arusha-based ISP with operations across 7 regions in Tanzania. Habari has more than 25 years of experience delivering Internet and ICT solutions to rural households and businesses across Tanzania. This acquisition will rapidly accelerate Mawingu’s vision of opening opportunities through enhanced digital connectivity across East Africa in areas that have traditionally not been given priority due to the high capital cost and logistical complexities involved in ensuring a stable, reliable, and affordable service.

Mawingu’s Chief Executive Officer, Farouk Ramji said: “Today marks an incredibly important day for the African telecommunications market. Mawingu has grown from a start-up to an established Kenyan telco player and now through the acquisition of Habari, a Tanzanian ISP, to expand both its footprint and impact in the East Africa region. Mawingu and Habari share the same values, strong financial metrics, and the same dedication to connecting the rural and peri-urban market. This acquisition, along with an additional $15 million of financing, will enable Mawingu to deliver its value proposition of affordable Internet connectivity to homes in Tanzania that has only connected 300,000 out of 14,000,000 homes. Mawingu has created overwhelming successes in its Kenyan business and we believe the Habari acquisition will provide a robust foundation from which to replicate and scale our successes in Tanzania and beyond. We are excited to be one-step closer to positively impacting 1,000,000 East Africans by 2028.”

Internet access has been shown to deliver benefits for education, employment, and income, as well as promoting wider economic development.[i]  However, in Kenya and Tanzania, rural customers tend to be unserved or underserved by existing broadband provision and access costs can be prohibitively high. To address this ‘digital gap,’ Mawingu builds, owns, and operates sustainable networks which can be deployed in challenging rural and peri-urban environments. The Habari acquisition will enable Mawingu to enter the Tanzanian market, however, Mawingu’s ambition does not stop there. The company aims to deliver meaningful connectivity to communities across the entire East Africa region through a disciplined ‘buy-and-build’ strategy. The identification and acquisition of successful ISPs will rapidly broaden the scale of Mawingu’s impact, enabling the company to open opportunities for 1,000,000 people across East Africa by 2028.

Laurène Aigrain, Managing Director of Africa Go Green Fund, said: “We are thrilled to support an ISP that is not only expanding internet access to remote communities but doing so with sustainability at its core. This investment aligns perfectly with Africa GoGreen’s mission to back climate-friendly solutions that drive real change. This investment underscores our commitment to a climate-resilient Africa, where connectivity and sustainability go hand-in-hand to support economic growth and environmental stewardship.”

[i] Digital Connectivity: The Benefits of Inclusive Internet Access – USGLC