Mawingu secures $20m from Pembani Remgro Infrastructure Fund II
Mawingu is an East African internet service provider focused on rural and peri-urban areas.
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Mawingu, an East African internet service provider focused on rural and peri-urban areas, has raised $20 million from Pembani Remgro Infrastructure Fund II.
Mawingu’s CEO, Farouk Ramji, commented: “As a multi-country operator on the continent with dedicated presence in the rural and peri-urban markets, this latest funding announcement marks a significant milestone for Mawingu, moving closer to our goal of positively impacting 1 million people in Africa by 2028.”
Across much of Africa, rural and peri-urban areas remain poorly served by broadband, with access costs often prohibitively high. To address this digital gap, Mawingu follows a buy-and-build strategy – acquiring, building and operating networks that can be deployed in challenging environments.
Ridwaan Tayob, who led the transaction for Pembani Remgro Infrastructure Fund II, said: “Mawingu’s track record of disciplined growth and innovation in underserved markets makes them an ideal partner for PRIF II. This investment reflects our confidence in their ability to scale sustainably across Africa, and we’re excited to support their mission of expanding meaningful connectivity where it’s needed most.”
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