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[July 18, 2014]
ICT's role in economy to be assessed [Nation (Kenya)]
(Nation (Kenya) Via Acquire Media NewsEdge) A study to assess the input technology is making to the country's wealth creation has been launched.
Information and Technology Cabinet Secretary Fred Matiang'i said on Wednesday that technology has played a great role in Kenya's growth, yet the figures supporting its impact continue to vary.
"The World Bank shows different figures from the government and other research organisations that have tried to link ICT to economic growth," Dr Matiang'i said.
The ministry has set up a team to do the study. "This is vital as ICT continues to play a key role as the economic driver anchored in Vision 2030," he added.
The survey will cover all aspects of ICT, its positive contribution to the economy, factors that will make it thrive, how to tackle illegal access to private data (cyber security), the gap between technology and the market, among others.
A 2013 research: Lions go digital, states that Kenya's Internet contribution to the GDP is at 2.9 per cent.
Internet impacts The study singles out financial services, education, health, retail, agriculture and the government as key areas where the Internet impacts on economic growth and social transformation.
The government projects that ICT will contribute 10 per cent to the GDP's growth by 2017 up from 2.9 per cent at the moment.
The World Bank estimates that ICT has grown an average of 20 per cent in Kenya per year since 2000.
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