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Joyce Karanja and Michelle Karimi Kimonye
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Kenya's ICT sector gets $144 million credit facility
Kenya has received $144.4 million in credit from the International Development Association for the Transparency and Communications Infrastructure Project (TCIP).
Kenya ICT Board chief executive officer, Paul Kukubo, told the media on Friday, 17 October, that part of the funds $7 million (Sh525 million) will subsidise bandwidth costs for local business processing outsourcing (BPO) entrepreneurs.
“The board intends to apply part of the proceeds for bandwidth capacity support, for the business outsourcing industry. The current costs are high because of satellite-based connectivity,” he said.
