Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

Business of Tech

Kenya allocates $125.3M toward ICT sector

Article Image
The Kenyan government has allocated $125.3 million to support several information and communication technology (ICT) initiatives for the 2024/2025 financial year.

The budget was announced by the country's National Treasury Minister Njuguna Ndung'u in Parliament late last week.

The funds will be allocated to several government projects within the ICT Ministry.

The funding allocations include: $8.5 million for government-shared services, $5.4 million for the digital superhighway initiative, and $1.7 million for constructing the Kenya Advanced Institute of Science and Technology at Konza Technopolis.

Ndung'u highlighted that to fast-track the development of the Konza Technopolis City, the Kenyan government also allocated $11.5 million for the Horizontal Infrastructure Phase I, as well as $40 million for Konza Data Centre and Smart City Facilities.

The funds will be allocated to several government projects within the Kenyan ICT Ministry.   (Source: wirestock on Freepik)
The funds will be allocated to several government projects within the Kenyan ICT Ministry.
(Source: wirestock on Freepik)

To help Kenya's Digital Economy Acceleration Project, a further $21.6 million has been allocated.

For the upcoming year, the Kenyan government's digital loans initiative, the Hustler Fund was also allocated $38.4 million.

Kenya investing in ICT goals

Kenya's recent budget allocations are helping to advance its ICT goals and further establish the East African country as Africa's technological hub.

In April, the government announced that its ambition to roll out 100,000 kilometers of optical fiber to underserved areas, initially expected to take five years, could now be realized in the next two years.

Earlier this year, in February, tech company Oracle announced plans to establish a public cloud region in Kenya's capital city of Nairobi.


Want to know more? Sign up to get the weekly Connecting Africa newsletter direct to your inbox.


And in August 2023, President Ruto went on a US-Kenya business roadshow in San Francisco, California, and met with several Silicon Valley tech CEOs to pitch Kenya's "Silicon Savannah" as a prime investment destination for US-based tech companies.

Continuing its efforts to make the country a major tech hub, in November 2023, the country opened a local device assembly factory with capacity to produce up to 3 million mobile phone units annually.

Related posts:

*Top image is of National Treasury Minister, Njuguna Ndung'u in Parliament. (Source: Kenya's National Treasury & Economic Planning)

Matshepo Sehloho, Associate Editor, Connecting Africa

Innovation hub

Story

KaiOS targets merchant market for growth, digital inclusion

KaiOS Technologies, the creator of a mobile operating system for smart feature phones, is piloting affordable merchant payment terminals - which look like feature phones - in Africa to help underserved merchants and transport providers accept digital payments solutions.

Story

Ilara Health aims to improve quality of care in Kenya

Kenyan healthtech startup Ilara Health aspires to improve the quality of care in the country's clinics by providing equipment financing and digitizing facilities with its software.

More Innovation hub

Latest video

More videos

Guest Perspectives

Story

Leadership Lessons: The importance of mentorship for career growth

By Nollie Maoto

Nollie Maoto, First Rand Group's compliance chief data and analytics officer and Africa Tech Festival Leadership Council member, reflects on the importance of mentorship for career growth for African women in data analytics.

Story

Omdia View: May 2024

By Omdia Analysts

May 2024's telecoms highlights in the Middle East and Africa included African 5G subscriptions surpassing 5 million, growth from SpaceX's satellite Internet service Starlink, and a major fiber partnership in the Middle East and North Africa.

More Guest Perspectives

Sponsored video

More videos

Industry announcements

More Industry announcements

Upcoming events

Cyber Revolution Summit
August 9, 2024
Gaborone, Botswana
Africa Tech Festival 2024
November 12-14, 2024
Cape Town, South Africa
More Upcoming events

Africa Tech Perspectives

Story

Uber's Marjorie Saint-Lot on inclusion and sustainability in Africa

Uber's Country Manager for Ghana and Cote d'Ivoire, Marjorie Saint-Lot, shares how the ride-hailing company is approaching public-private partnerships, environmentally friendly initiatives and gender inclusion in Africa.

Story

The 100 most influential African leaders in 2023

A new report from Africa Tech Festival and Connecting Africa puts a spotlight on the top 100 African leaders in the telecoms and technology sector in 2023.

Story

Deep dive into East Africa's tech startup ecosystem

New survey reveals a lack of access to investors, reliance on international VCs and global recession trends as the biggest barriers for East African tech startups to access funds.

More Africa Tech perspectives

Partner perspectives

All Partner Perspectives

Follow us on X

Like us on Facebook

Newsletter Sign Up


Sign Up
Tag id test-002