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World Bank Group to inject $390m in Kenya Digital Economy Acceleration Project
Investors - APRIL 7, 2023

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World Bank Group to inject $390m in Kenya Digital Economy Acceleration Project

by Kali Persall

The World Bank Group has approved $390 million in financing for the first phase of the Kenya Digital Economy Acceleration Project, a program that aims to expand access to high-speed internet and reduce the digital divide in access to broadband.

The Kenya Digital Economy Acceleration Project will use a multi-phase programmatic approach. Phase 1 will run from 2023 to 2028, focusing on expanding access to high-speed internet, improving the quality and delivery of education and selected government services, and building skills for the regional digital economy. Phase 2 will run from 2026 to 2030, concentrating on building a data-driven and secure environment for enhanced digital-service delivery and innovation for the regional digital economy.

The project will increase access to broadband through an expansion of the fiber-optic backbone and last-mile connectivity to government and learning institutions, as well as along Kenya’s borders. It also will mobilize an estimated

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