AXIAN Telecom Fibre Ltd has acquired a 99.63% stake in Wananchi Group, enhancing its broadband presence in East Africa.

Information on the Target

AXIAN Telecom Fibre Ltd, commonly referred to as Yas, is a subsidiary of AXIAN Telecom Holding and Management PLC. The company has successfully acquired a 99.63% stake in Wananchi Group (Holdings) Ltd, a prominent provider of fixed broadband and enterprise connectivity in East Africa. This acquisition represents a pivotal moment in Yas's strategic growth plan, significantly enhancing its footprint in key fibre markets, and now connects to over one million homes throughout the region.

Wananchi operates under its well-known consumer brand Zuku and the enterprise-focused Simbanet brand, utilizing a comprehensive fibre backbone and last-mile network to serve its customers. With Yas's resources and operational expertise, Wananchi is positioned for accelerated growth in its Fiber To The Home (FTTH), Software-Defined Wide Area Network (SD-WAN), and cloud connectivity solutions across East Africa.

Industry Overview in East Africa

East Africa is evolving into one of the fastest-growing regions for broadband services on the continent, driven by a surge in data consumption and rapid digital transformation across businesses. The expanding digital