Study: Telecoms sector could stimulate economic growth

26/07/2011 - Kenya property & investment news Posted by Neil King
Study: Telecoms sector could stimulate economic growth

Kenya's telecommunications sector could contribute significantly more to economic growth, a new study has suggested.According to a report commissioned by Nokia Siemens Networks, economic growth could be achieved if industry players take advantage of fast-growing technologies, kbc.co.ke has reported.The study, entitled Connectivity Scorecard 2011, observed that while Kenya's consumer and business usage and skills remain robust, there is potential for significant expansion.Dimitri Diliani, Nokia Siemens Networks' head of Africa region, commented: "Competition in the telecoms sector could help attract more investment and aid the development of broadband services, an area where Kenya lags behind.He added: "The mobile sector in Kenya may, in fact, play a critical role in spurring the development of broadband, as mobile access may be more cost-effective than fixed-line broadband access."The report was produced in collaboration with Professor Leonard Waverman of the London Business School working with LECG, a global consulting firm.