Sh16 billion for ICT and digital economy

President William Ruto will spend Kes16 billion on various ICT initiatives in the fiscal year beginning July 1 with a goal of digitizing at least 5000 public services and using the power of digital platforms to combat joblessness in Kenya.

The government claims to have already digitalized 3,750 government services and aims to integrate 5,000 services by December 2023.

President Ruto’s Kenya Kwanza administration is eager to use ICT to overhaul the economy, from digitizing land registries to creating a digital health network. Prof. Njuguna Ndungu, the Treasury Cabinet Secretary, argued in favor of the government’s bottom-up economic transformation program that investments in digitalisation and automation have been set aside in the 2023/24 budget to boost productivity and Kenya’s competitiveness internationally.

Read also: Ruto’s financial incentives for manufacturers and farmers

Increasing revenue collection through automated Value Added Tax (VAT) systems is another goal of the FY2023/24 Budget.

The digital capabilities of state organizations like the Kenya Revenue Authority (KRA), CBK Central Securities Depository (CSD) digital platform (DhowCSD) for improved investor convenience and experience, and Sacco Societies Regulatory (SASRA) licensing of cost-sharing digital Shared Services platform to support the digitization of smaller SACCOs will also be improved.

Some of the highlight allocations in Kenya’s ICT industry for the FY2023/24 are:

Budget AllocationICT investment project
Kes5.7 billionKonza Technopolis – Construction of Kenya Advanced Institute of Science and Technology
Kes4.8 billionKonza Technopolis – Horizontal Infrastructure Phase 1
Kes1.3 billionNational Optic Fibre Backbone Phase II Expansion Cable
Kes1.2 billionKonza Technopolis – Data Centre and Smart City Facilities
Kes755 millionDigitisation of Land Registries
Kes600 millionGovernment Shared Services
Kes583 millionLast Mile County Connectivity Network
Kes475 millionKonza Technopolis – Construction of Konza Complex Phase 1B
Kes400 millionDigital Literacy Program and ICT Integration in Secondary Schools
Kes352 millionDigital Health Platform

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