19 July 2019

South Africa-based cloud computing firm Echotel International Proprietary is set to acquire 80 per cent of internet service provider iWayAfrica Kenya after it was given the green light by the Kenyan competition watchdog.

The former resells Internet connectivity, virtual private network (VPN) and online security services. 

iWayAfrica is a subsidiary of Gondwana International Networks (GIN), a pan-African communications service company and one of the largest VSAT operators on the continent through its operating brands, Africa Online and iWayAfrica. 

“This is an exciting opportunity for iWayAfrica Kenya to strengthen and expand our service offering to customers, said iWayAfrica Kenya country manager Ken Munyi,” This is not only a positive development for customers, but also for staff and suppliers who can be assured of continuity as a strong, focused, industry-leading business.” 

The Competition Authority of Kenya said that proposed transaction qualifies as a merger within the meaning of Section 2 and 41 of the Competition Act No.12 of 2010 as it would not affect competition negatively.