As the government continues efforts to incorporate ICT into its service delivery, it is implementing the Connected Kenya 2017 master plan to guide the country’s ICT and broadband development. The plan, which aims to see the sector create up to 180,000 jobs and contribute up to 8% of the value of goods and services produced in the country,...
How has the level of private equity activity changed in Africa in recent years, and which sectors offer the most potential?
The real estate market in Kenya remains attractive for investors, with the average property price in Nairobi rising more than fivefold in the 2007-14 period, from KSh30m ($330,000) per acre to KSh170m ($1.9m) at the end of 2014, according to HassConsult, a local real estate agency. In a positive sign for longer-term sustainability, indicators...
The country’s electrification targets are ambitious; Kenya hopes to add an additional 5000 MW of generation capacity by 2017, and an additional 23,000 MW by 2030. Although the government has already unveiled its Last Mile Connectivity Project (LMCP), which will connect an additional 300,000 Kenyan households to the national grid in the coming...
The opening of a new international terminal in late 2014 – Terminal 1a, built at a cost of $129m – and of a second, smaller terminal in May 2015 collectively tripled annual capacity at Nairobi’s Jomo Kenyatta International Airport (JKIA), from 2.5m to 7.5m passengers. JKIA has been operating above capacity for well over a decade. Passenger...
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