ICT boom 'helps Kenya's economy to grow'

9 December 2010

The improvement in ICT that has taken place in Kenya has aided the country's economic growth and is "truly revolutionary".

Wolfgang Fengler and Jane Kiringai are the lead economist and senior economist for World Bank in Kenya respectively and they noted the sector is outperforming every other market in the country by a considerable distance, Business Daily Africa reports.

The pair said that Kenya's private sector is the most "dynamic" in the continent and enhancements to transport and energy infrastructure have also helped to solidify the growth of ICT.

While it has enjoyed an average swell of 20 per cent each year for the last decade, typical growth for the economy as a whole is only 3.7 per cent.

"Kenya has demonstrated that Africa is not condemned to importing innovation," the news provider observed.

It comes after East African Business Weekly noted a $300 million (£190 million) scheme is being carried out to improve transport infrastructure in Nairobi.
 


Categories: General, ICT, Transport, Energy

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