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A recent report from GSMA projects that Kenya’s digital economy will contribute Ksh 662 billion to the GDP by 2028. This growth is expected to be propelled by targeted policy reforms and a broader push for digital transformation across vital industries such as agriculture, manufacturing, transportation, and trade. The report also states that this digital expansion could create approximately 300,000 new jobs. This will also lead to an increase of Ksh 150 billion in tax revenues.
The Communications Authority of Kenya (CA) has reported remarkable growth in the telecommunications sector during the 2023-24 financial year.
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According to the CA’s Fourth Quarter Sector Statistics Report, released for the period ending June 30, 2024, there are now 66.1 million mobile devices connected to networks in Kenya, leading to an impressive penetration rate of 128.3%. Smartphone penetration has reached 68.3%, while the acquisition of feature phones has declined, indicating a shift toward more advanced mobile technology.
