Physical Address
60 Ekwema Cres, Layout 460281, Imo
Atlas Tower Kenya Receives $27 Million from STOA to Speed up Sustainable Digital Infrastructure Development
Atlas Tower Kenya receives $27 million from STOA, a French investor focused on infrastructure and impact, to help speed up sustainable digital infrastructure development in Kenya. This money is a big deal for both companies and shows how important it is to build greener and better digital networks in Africa.
Atlas Tower Kenya is one of the fastest-growing telecom tower companies in the country. Since starting in 2019, they have built and now manage more than 450 towers across Kenya. These towers help mobile phone companies give good, reliable service in cities, small towns, and places that didn’t have strong signals before.
Read Next: Vertiv Secures Multi-year Deal with Airtel Nxtra, Expanding Its Data Center Presence in Africa
The $27 million from STOA will help Atlas Tower Kenya grow faster and do it in a way that protects the environment. The company plans to use more solar power and batteries instead of diesel fuel to power their towers. Using clean energy means less pollution and lower costs in the long run. This move shows their commitment to building sustainable digital infrastructure and helping Kenya’s environment.
Marie-Laure Mazaud, the CEO of STOA, said they believe in what Atlas Tower Kenya is doing. She praised the company for doing a great job and working hard to close the gap between people who have good internet and those who don’t. This investment is part of STOA’s goal to help build strong, sustainable digital networks in Africa by providing long-term support and money.
Nathan Foster, Atlas Tower Kenya’s CEO and a founding member of Kalahari Capital, said this investment is exciting. He explained that the $27 million from STOA will allow them to grow their business quickly while focusing on quality and efficiency. He also said the money will help them make more green energy for their towers and keep being the number one choice for their clients.
Randi Clendennen, another founding member of Kalahari Capital and Atlas Tower Kenya’s Chief Strategy Officer, also shared her excitement. She said this deal with STOA is a big step for the company. With the new support, they will add more towers, improve their green power use, and reach even more people in Kenya who need reliable mobile service. They want all Kenyans to have fair access to wireless networks.
This deal fits well with STOA’s goal to promote sustainable infrastructure. By investing in Atlas Tower Kenya, they help the company use more solar power and batteries, reducing the need for diesel. This is good for the planet and will help Kenya move toward cleaner energy and better technology.
Read Next: Moroccan Startup Chari Secures $12m in Series A Funding to Power Retail and BaaS Growth
Before everything is final, the investment still needs approval from Kenya’s Competition Authority (CAK). Once that happens, Atlas Tower Kenya receives $27 million from STOA officially, and the company can start using the money to build more towers powered by green energy.
To sum up, Atlas Tower Kenya receives $27 million from STOA to speed up sustainable digital infrastructure development in the country. This funding will let the company expand quickly, bring more people online, and do it in a way that is safe for the environment. It’s a win for Kenya’s digital future and shows how careful planning and good partnerships can make a real difference.
Was this information useful? Drop a nice comment below. You can also check out other useful contents by following us on X/Twitter @siliconafritech, Instagram @Siliconafricatech, or Facebook @SiliconAfrica.
