Kenya's digital economy set to receive major boost through private sector investment

Date: 2024-11-27
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The Kenya Digital Economy Acceleration Project (KDEAP) is poised to transform the country's digital landscape, thanks to a significant investment from the private sector. According to the Principal Secretary - State Department of ICT and Digital Economy, John Kipchumba Tanui the private sector will play a critical role in expanding broadband access, driving innovation, creating jobs, and enhancing digital skills.

Speaking at the KDEAP Stakeholder Engagement Workshop, Eng. Tanui emphasized the government's commitment to deploying 52,000 km of fiber, with the private sector expected to deploy an additional 48,000 km. This massive investment in digital infrastructure is expected to have a profound impact on Kenya's economy, enabling businesses to thrive and creating new opportunities for citizens.

The workshop brought together key stakeholders, including Stanley Kamanguya, CEO of ICT Authority; Dr. Tim Kelly, Task Team Lead for KDEAP at the World Bank; and David Mugonyi, Director General of the Communications Authority of Kenya. The event provided a platform for stakeholders to align on the project's objectives and strategies.

The KDEAP is a comprehensive project aimed at accelerating Kenya's digital economy. The project has received a $390 million grant from the World Bank and will be implemented in three phases.The project's components include digital infrastructure and services, digital government and services, and digital skills and markets.

The private sector's investment in KDEAP is expected to drive innovation, create jobs, and enhance digital skills. The project's focus on digital skills development will equip young Kenyans with the skills needed to compete in the global digital economy.

By:  Nana Appiah Acquaye

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