Telecoms infrastructure development 'is helping Kenya'
2 December 2010
Enhancements in telecoms infrastructure is set to bring economic growth to Kenya.
This is according to the latest forecast by the World Bank, which noted the economy will expand from 4.9 per cent in 2010 to 5.3 per cent in 2011.
The organisation observed that over the last decade telecoms has outperformed all other sectors and the country has the potential to become a regional hub of IT innovations and services.
"Mobile money is one of the greatest success stories of Kenya's ICT revolution. One key reason for this success is that regulation followed innovation," said Jane Kiringai, senior economist for Kenya for the body.
The Kenya Economic Update - which is released twice a year in June and December - attributes the "explosive" growth in ICT to the "liberalisation of the telecoms sector".
Jamal Saghir, the World Bank's Africa director for sustainable development, recently noted Cameroon has the potential to become a telecoms leader in Africa.