The World Bank has approved a $390 million grant for Kenya’s Digital Economy Acceleration Project. This is the first phase of financing meant to facilitate the expansion of high-speed internet, improve the quality of education and selected government services, and build skills for the regional digital economy.
The funding will use Multi-phase Programmatic Approach (MPA) in two phases, with the first phase running from 2023 to 2028, and the second from 2026 to 2030.
Why This Matters
Through the initiative, Kenya plans to increase last-mile broadband connectivity and also increase equitable distribution of digital networks by reducing gaps in connectivity and digital skills through the growing online market.
By The Numbers
Kenya’s digital agenda aims to transform the country into a regional ICT hub by increasing fiber optic coverage to 100,000 km and digitizing 80% of public services. The project also aims to strengthen Kenya’s capacity to drive regional digital integration with positive spillovers to other countries.
Kenya has grown significantly as a regional tech hub, with several innovations and commendable government support.
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