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Home Business Safaricom to Increase Expenditure by Kshs 2 Billion to Meet Internet Demand

Safaricom to Increase Expenditure by Kshs 2 Billion to Meet Internet Demand

by Vince Matinde
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Image from theguardian.com

Image from theguardian.com

Kenya’s largest mobile phone telecommunication company, Safaricom has announced that it will increase its spending to 8 per cent to try and curb the growing internet demand in the country.

According to a Bloomberg report, the company’s expenditure will increase to Kshs 27 billion from Kshs 25 billion. The company began an expensive venture to lay a 6,000 kilometre of fibre across the country to avail broadband access.

Kenya’s data usage and penetration is expected to overtake that of Egypt in five years, mostly driven by investment in fiber-optic networks and lower pricing per data unit, Bob Collymore CEO of Safaricom said.

Kenya’s internet users stand at 16 million with a bulk of the users having access through their mobile gadgets.

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