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Atlas Tower Kenya has secured a $27 million investment from STOA, a French infrastructure and impact investment firm, to advance the rollout of sustainable digital infrastructure across Kenya. The funding underscores growing investor confidence in Africa’s telecommunications sector and highlights the increasing shift toward green-powered connectivity solutions.
Established in 2019, Atlas Tower Kenya has emerged as one of the country’s fastest-growing independent telecom tower companies. The firm currently operates over 450 towers nationwide, providing essential infrastructure that supports mobile network operators in delivering reliable voice and data services across urban, peri-urban, and underserved rural areas.
The fresh capital injection from STOA will enable the company to accelerate its network expansion while deepening its commitment to environmental sustainability. The firm plans to transition its tower operations to cleaner energy sources, incorporating solar power and battery systems to replace diesel generators. This initiative is expected to reduce carbon emissions, enhance energy efficiency, and lower long-term operational costs—contributing to Kenya’s broader green energy transition goals.
Marie-Laure Mazaud, CEO of STOA, expressed strong confidence in Atlas Tower Kenya’s vision and operational capacity, emphasizing that the partnership aligns with STOA’s mandate to promote sustainable and inclusive digital infrastructure development across Africa. “Atlas Tower Kenya is playing a pivotal role in bridging the connectivity gap by extending reliable mobile coverage to underserved regions,” she said.
Nathan Foster, CEO of Atlas Tower Kenya and founding member of Kalahari Capital, described the investment as a “transformative milestone” for the company. “This partnership will allow us to expand our footprint rapidly while maintaining high standards of quality, efficiency, and sustainability,” Foster said. “Our goal is to remain the infrastructure partner of choice for mobile operators, while driving Kenya’s transition to cleaner power solutions.”
Echoing this sentiment, Randi Clendennen, Chief Strategy Officer and fellow founding member of Kalahari Capital, noted that the STOA partnership marks a major step toward scaling Atlas Tower Kenya’s green network strategy. “The investment will enable us to extend our reach, reduce our environmental impact, and bring reliable connectivity to more Kenyans,” she stated.
The transaction remains subject to regulatory approval from the Competition Authority of Kenya (CAK). Upon completion, the funding will be deployed toward expanding the company’s portfolio of energy-efficient telecom towers and deepening its renewable energy integration strategy.
This collaboration reinforces STOA’s long-term commitment to sustainable infrastructure financing in emerging markets. By backing Atlas Tower Kenya, the French investor is helping to build a foundation for a more connected, environmentally responsible digital future—supporting Kenya’s ambitions for inclusive digital growth and sustainable development.
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