Business Daily | by Boniface Mbogo
The technology ecosystem in Kenya is one of the most thriving sectors globally. Driven by significant investments in broadband infrastructure capabilities, a supportive policy and regulatory framework, groundbreaking innovations as well as the successful adoption of technology, it has recorded double-digit growth expanding by an average of 23 percent annually over the past decade.
Its contribution to economic growth is equally remarkable. The sector is estimated to contribute up to eight percent of the country’s GDP through IT-enabled services while creating more than 250,000 direct and indirect employment opportunities as at the end of the year 2020.
The sector, however, faces significant challenges that pose a great threat to sustainable growth. A persistent funding gap that discriminates against locally driven approaches, failure to transition from start-ups to growth, lack of global visibility and exposure as well as…
