Farouk Ramji on Mawingu’s Investment Strategy and Vision to Connect One Million Africans by 2028

In this section of the interview, Farouk Ramji, CEO of Mawingu, explains the company’s shift from venture capital to seeking long-term infrastructure investors who understand the patient capital requirements typical of internet infrastructure development in Africa. He emphasizes Mawingu’s ability to deliver both profit and purpose, having proven the viability of its unit economics through strong growth in Kenya and its recent strategic acquisition in Tanzania.

Ramji outlines Mawingu’s investment thesis for Pan-African expansion, which centers on a disciplined M&A strategy targeting companies with solid financials and operational maturity. This approach, coupled with years of building proprietary infrastructure and partnerships, forms the foundation for Mawingu’s next growth phase—positioning the company as a high-return, high-impact investment opportunity within the continent’s fast-evolving connectivity landscape.