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OPIC backs Mawingu Networks with $4mln loan

Image Credit: Ventures Africa

In another announcement made from the Global Entrepreneurship Summit in Nairobi, the Overseas Private Investment Corporation or OPIC, signed an agreement to provide Mawingu Networks with $4 million in debt. The company, which has been backed to date by a diverse group of investors that include Microsoft, USAID, Paul Allen’s Vulcan Inc. and angel investor Jim Forster, provides solar-powered internet access to users across rural Kenya.

Read more at Techmoran…

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