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ICT sector to attract $120m this fiscal year

Published on November 13, 2015

The Information and communications technology (ICT) sector continues to be one of the top attractions to local and foreign investors as well as one of the top contributors to the country’s gross domestic product. 

According to statistics from the Ministry of Youth and ICT presented at the sector’s joint sector review meeting, yesterday, ICT attracted investments worth $ 61 million in the last financial year and is projected to contribute up to $120 million by the end of the current financial year.

The findings noted that the investments in the last year were mostly from the telecom sector and the expansion of 3G and 4G networks in the country. Read more. Source | New Times