PROF. Njuguna Ndung’u, CBS, Cabinet Secretary for the National Treasury and Economic Planning, of the Republic of Kenya announced the Budget Policy Highlights and Revenue Raising measures for the 2023/24 Financial year budget.
In this budget, a substantial allocation has been put for the ICT sector as well as to fast-track the development of the Konza Technopolis City.
I propose to the National Assembly to effect budget allocations of Ksh 15.1 billion to fund initiatives in the Information, Communication and Technology sector. Specifically, this proposed allocation includes Ksh 600 million for Government Shared Services. To fast track the development of the Konza Technopolis City, I propose to the National Assembly to effect budget allocations of Ksh 4.8 billion for the Horizontal Infrastructure Phase I; Ksh 1.2 billion for Konza Data Centre and Smart City Facilities; and Ksh 475 million for construction of Konza Complex Phase 1B.
Mr. Speaker, other proposed allocations include: Ksh 5.7 billion for the Construction of Kenya Advanced Institute of Science and Technology (KAIST) at Konza Technopolis; Ksh 1.3 billion for maintenance and rehabilitation of the National Optic Fibre Backbone Phase II Expansion Cable; and Ksh 583 million for maintenance and rehabilitation of Last Mile County Connectivity Network.
PROF. NJUGUNA NDUNG’U, CBS, CABINET SECRETARY FOR THE NATIONAL TREASURY AND ECONOMIC PLANNING, REPUBLIC OF KENYA
