Kenya Receives $220M From UK Government to Improve Internet Access & More News Here

The United Kingdom has availed $220 million to be utilized in bettering entry to high-quality web throughout Kenya.

The cash will probably be channelled by way of the British International Investment (BII) and is anticipated to go a good distance in boosting the digital financial system. Liquid Telcom, a number one supplier of digital infrastructure is the beneficiary of this fund.

The announcement was made by BII chief govt Nick O’Donohoe at a operate in Nairobi to launch the rebranded Development Finance Institution (DFI) in Kenya. O’Donohoe emphasised that the United Kingdom will proceed to assist Kenya’s fast-growing digital area.

“Going beyond this, BII will also back new technologies, invest in the burgeoning digital economy, and support ambitious entrepreneurs who are creating solutions that can transform societies.”

Other investments by Development Finance Institution (DFI) within the nation are in sectors resembling clear infrastructure and power, meals and agriculture, monetary providers, and logistics.

“As we embark on this new chapter, we know the country will continue to hold an important place in our future and we look forward to working with all of you in the decades to come,” stated O’Donohoe.

Kenya has grabbed the eye of traders around the globe for its vibrant know-how panorama which is partly aided by the provision of a dynamic workforce and enabling enterprise setting.

The Internet is a pivotal enabler within the digital financial system and investments resembling these compliments efforts by the federal government and different stakeholders. Recently, the Kenyan authorities launched its sixth submarine web cable valued at US$400 million. The 15,000-kilometre cable is anticipated to enhance efforts in direction of excessive pace, decrease latency, and broader bandwidth web providers within the nation.

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