Kenya's ICT fund finally gets the go-ahead

Mergers, Acquisitions and Financial Results

A fund, which will raise money to promote access to telecommunications services in rural areas, is to be setup in Kenya..

Kenya’s minister of information and communications, Samuel Poghisio, has confirmed that the fund is to be gazetted within the next two weeks, after plans of implementing it had been delayed for three years.

All companies in the communications sector – be they mobile operators, ISPs, broadcasters or postal service providers - will be required to contribute 0.5% of their turnover to the fund.

The collected money will then be focused on spreading communications across the country, especially in low income and neglected areas.