Kenya’s Wananchi Group raised $57.5 Million of Growth Capital

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Kenya’s Wananchi Group raised $57.5 Million of Growth Capital Kenya’s Wananchi Group raised $57.5 Million of Growth CapitalKenya’s Wananchi Group raised $57.5 Million of Growth Capital


16 May 2011

Wananchi Group Holdings (Wananchi), the leading provider of PayTv, VoIP and broadband services in East Africa, has stated that the company had raised $57.5million in growth capital from international investors.
Wananchi currently serves corporate and retail markets in East Africa via company’s consumer and corporate divisions. Consumer division functions under the ‘Zuku’ brand; it provides Kenya’s the only ‘triple-play’ bundle offering broadband Internet, 100 channels PayTV and VoIP phone services. The corporate division operates under the ‘SimbaNET’ brand; it is a leading provider of data solutions and VSAT to corporations.

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