ICT has been an important aspect of East Africa’s economic growth over the last 15 years. In the year 2000, East Africa (Kenya, Uganda and Tanzania) had approximately 250,000 internet users, and by the end of 2014 the region had more than 29 million. Kenya’s ICT sector is set to contribute up to 8 per cent to the country’s GDP through IT-enabled services (ITES) and create 180,000 jobs by 2017.
Major factors that will drive revenues in the sector will include strong population growth, development of ICT infrastructure by the public sector, and increasing data penetration. We see a strong opportunity to create assets of scale with forecasts showing the sector attracting up to USD 500 M to catalyze its growth and development.