GES2015: US govt pledges support for Kenyan wireless internet provider

The US government’s development finance institution, Overseas Private Investment Corporation (OPIC),and Microsoft have signed an agreement with Kenyan wireless internet provider Mawingu Networks Ltd that will pave the way for possible funding to the tune of $4million towards the company’s free Wi-Fi project.

The Project is aimed at helping people living off-grid and in rural communities across Africa access affordable Wi-Fi.

OPIC president and CEO Elizabeth Littlefield is currently in Nairobi for the 2015 Global Entrepreneur Summit, and signed the OPIC mandate alongside Antony Cook who is Microsoft’s head of legal and corporate affairs for the Middle East and Africa. Cook served as a witness to the mandate between OPIC and Mawingu.

“The development potential from creative private sector organisations like Mawingu captures the spirit and promise at the heart of this week’s Global Entrepreneurship Summit,” said Littlefield.

– See more at: http://www.itwebafrica.com/network/262-kenya/234948-us-govt-pledges-support-for-kenyan-wireless-internet-provider#sthash.L1zIqv06.dpuf

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