Kenyan entrepreneurs get Sh28m in for digital centres

BUSINESS

|
Image: By Kenya ICT Board
Kenyan  entrepreneurs get Sh28m in for digital centres

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.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE BUSINESS NEWS

SA Competition Tribunal approves Telkom-BCX merger

Business Connexion Group Limited has announced that the Competition Tribunal of South Africa has approved the proposed merger between Business Connexion Group Limited ("BCX") and Telkom SA SOC Limited ("Telkom") with the imposition of conditions. Read More

Kenyan SACCOS riding on innovation to attract customers

As confidence in mainstream banks remains low due to prohibitive interest rates, customers are embracing Savings and Credit Cooperatives (SACCO) as an alternative. Read More

BITC invites ICT investors

The Botswana Investment and Trade Centre (BITC) is casting its net wide to appeal to players in the Information Technology sector to invest in the country. Read More

Yudala ‘an unstoppable movement’, says Zinox chief

Yudala VP Stanley Uzoechina, Access Bank CEO Herbert Wigwe and Zinox CEO Leo Stan-Ekeh The opening of Yudala outlets, combining an online shopping platform with retail stores, has been described as a game-changer in Nigeria. Read More

Travelport, TTS sign reseller agreement for Africa, Middle East and Asia Pacific region

Travelport and TTS have signed a sales and distribution agreement for TTS products in the Africa, Middle East, and Asia Pacific regions. Read More

Airbnb to expand further across Africa

Airbnb, the world’s leading community-driven hospitality company, announced that its CEO, Brian Chesky will attend GES 2015 to meet with entrepreneurs from around the world and explore the sharing economy’s impact and expansion, particularly on the African continent - which represents a huge opportunity for the company.  Read More

What African entrepreneurs want

On the eve of U.S. President Barack Obama’s visit to Kenya for the Global Entrepreneurship Summit, GeoPoll, the Global Entrepreneurship Network, and the U.S. State Department have released a survey of 1,000 business owners throughout sub-Saharan Africa on entrepreneurship in their countries. Read More

ISON eyes 25,000 jobs, $400m in Nigeria

Pravin Kumar ISON Group has projected the creation of 25,000 new jobs and $400 million revenue within space of one or two years in Nigeria. Read More

NEC invests in XON to accelerate regional African growth

NEC Europe, a wholly owned subsidiary of NEC Corporation, has invested in XON, the sub-Sahara African ICT group, and the two organisations will have an integrated market approach that will combine their local expertise in the region to provide greater sales coverage in the sub-Sahara African market. Read More

Orange, Airtel in talks on acquisitions

Orange and Bharti Airtel International (Netherlands) BV, have entered into an exclusive agreement to explore the possible acquisition by Orange of four Airtel subsidiaries.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

Kenyan SACCOS riding on innovation to attract customersKenyan SACCOS riding on innovation to attract customers

As confidence in mainstream banks remains low due to prohibitive interest rates, customers are embracing Savings and Credit Cooperatives (SACCO) as an alternative.

IN DEPTH

As curtain falls on MDGs, what next?As curtain falls on MDGs, what next?

Dr. Bjorn Lomborg, president of the Copenhagen Consensus Centre, speaks to Biztechafrica about setting smart targets.