ICT Sector at The Heart of Vision 2030

By Soko Directory Team / December 14, 2015 | 7:04 am



technology

The ICT Sector is key to the development of the nation. The realization of Vision 2030 solely depends on the development of the ICT Sector in the nation. Kenya is an African ICT hub by being a pacesetter in the innovative technology. The development in the mobile industry, especially the electronic money transfers like M-Pesa have put Kenya on the technological world map.

The Kenyan government has realized and underscored the universal access to the ICTs as a major objective of Vision 2030. Vision 2030 is committed to transforming Kenya into a middle-income nation by the year 2030.

Access to ICTs in Kenya will greatly contribute to the economic growth of Kenya. This is because ICT access will reduce transaction costs, increase business efficiency, improve educational standards as well as ensuring that there is accountability among the government officials. In order to increase and develop the productivity of Kenya, ICT is key in raising competitiveness of locally-based businesses in the country.

The ICT has also been firmly included into Vision 2030 as a way to reduce or completely do away with criminal activities. This has seen the expanding of the coverage as well as the massive installation of more enhanced ICT systems as well as the monitoring units.

There is a major business economic impact that is to be realized through the ICT sector. This economic impact is to be realized through what is called the Business Process Outsourcing Sector (BPO). In 2008 for instance, the Business Process Outsourcing Sector generated a total of 700 billion shillings. This was an equivalent of USD 7.3 billion).

There is a wide penetration of internet into the country at the moment. According to the Communication Authority of Kenya, (CAK), more than 18 million Kenyans have access to the internet. Access to the internet implies that most Kenyans can be able to transact most of their activities online. This helps in minimizing time wastage as well as giving opportunities for the access of cost effective services.


Article by Juma Fred.

 





About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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