China will fund Kenyan Government’s local fibre roll-out

Mergers, Acquisitions and Financial Results

The Kenyan government has struck a deal with China for a Sh6.04 billion soft loan to fund the National Optic Fiber Backbone Infrastructure (NOFBI) and e-government expansion projects.

Finance Permanent Secretary Joseph Kinyua said the two governments were currently putting together the details of the draft ahead of a formal signing by the end of July 2012.

The NOFBI project will include the construction Fibre optic links (systems which provides a data connection between two given points) to connect the Larger Area Network (LAN) of 36 administrative District Centers across the country with the National Fibre optic, hence allow the locals to access faster internet services.

Kinyua said this will facilitate implementation of various e-governance initiatives such as e-health, e-banking and e-education, thereby facilitating economic growth.