Kenyan entrepreneurs get Sh28m in for digital centres
BUSINESS| July 11, 2012, 6:30 p.m.
By Semaj Itosno, Nairobi, Kenya
Upcoming Kenyan entrepreneurs have been awarded Sh27.9 million (USD0.34million) as a start-up capital for digital centres.
This is part of the plan by the government to bridge the digital gap between the urban and rural areas.
The 26 entrepreneurs were among 10,000 that applied for the government’s revolving fund. Each will get Sh1 million (USD12,048) loan.
The loans will be disbursed through Kenya’s Family Bank, payable in three years at an interest of 10.5 per cent per annum.
The entrepreneurs are expected to provide a bouquet of services such as e-mails, government services such as applying for PIN and online tax returns at a fee.
Bitange Ndemo, Information permanent secretary, said the government is keen on empowering entrepreneurs to provide a missing link in provision of online services.
“We are serious about improving Internet connectivity, building local digital content and creating awareness about ICT products and services in rural Kenya… electronic voting and access to government services through the web is only possible if digital villages are near the people,” Dr Ndemo said.
Statistics released on Tuesday by the Communications Commission of Kenya (CCK) shows that there are 6.4 million Internet subscribers with mobile Internet accounting for 98.8 per cent. The number of broadband subscribers stands at 651,738.
MORE BUSINESS NEWS
Business incubator to boost 200 Zimbabwean entrepreneurs200 would-be Zimbabwean entrepreneurs are set to benefit from business training and support, thanks to a business development programme to be launched by business incubation specialist KBA Africa. Read More
Union gives Globacom 14 days to reinstate 54 sacked workersThe Private Telecoms & Communications Senior Staff Association of Nigeria (PTECSSAN) has urged Globacom to reinstate the workers it allegedly sacked from its service. Read More
British envoy promises more investors at Rack CentreMr Paul Arkwright, British High Commissioner to Nigeria, has promised to do his utmost to encourage more British companies to do business with their Nigerian Counterparts. Read More
UBA, Mastercard in pan-African partnershipUBA and Mastercard have announced a five year deal across 19 markets focused on driving financial inclusion in Africa. Read More
MTN Business partners with the National Gazelles to boost SMEs marketMTN Business today announced a new drive to help support the growth of small and medium enterprises (SMEs) and contribute to creating sustainable entities. Read More
Travelport appoints new Managing Director for AfricaTravelport has announced the appointment of Douglas Jewson as Travelport’s Managing Director for Africa. Read More
Brexit’s impact on AfricaThe short-term implications of Brexit for African economies will be mainly noticeable through market volatility, say Control Risks and NKC African Economics. Read More
Safaricom Blaze to take 2nd youth empowerment summit to ThikaSafaricom will this Friday, 8th July 2016, host the 2nd in a series of youth empowerment summits under its recently launched sub-brand, BLAZE. Read More
Kris Senanu to lead Telkom Kenya Enterprise DivisionTelkom Kenya has announced the appointment of Mr. Kris Senanu as the MD of its Enterprise Division. Read More
FEATURED STORYFirst-ever Africa Barclays Accelerator programme concludes
Ten fintech companies have concluded the first-ever Barclays Accelerator, powered by Techstars in Africa.
BEST READ NEWS
IN DEPTHEthical Hacking students can’t get a heck of a job
Botswana ethical hacking students report that they are failing to break into the local job market.