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<td valign="top"><br><br><br>--- On <b>Mon, 3/23/09, <a onclick="return top.js.OpenExtLink(window,event,this)" href="mailto:Reuters_News@reuters.com" target="_blank">Reuters_News@reuters.com</a> <i><<a onclick="return top.js.OpenExtLink(window,event,this)" href="mailto:Reuters_News@reuters.com" target="_blank">Reuters_News@reuters.com</a>></i></b> wrote:<br>
<blockquote style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: rgb(16,16,255) 2px solid"><br>From: <a onclick="return top.js.OpenExtLink(window,event,this)" href="mailto:Reuters_News@reuters.com" target="_blank">Reuters_News@reuters.com</a> <<a onclick="return top.js.OpenExtLink(window,event,this)" href="mailto:Reuters_News@reuters.com" target="_blank">Reuters_News@reuters.com</a>><br>
Subject: Reuters.com - Kenya sees $5-$10 bln ICT investments by 2010<br><br><br>
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<td style="PADDING-RIGHT: 11pt; PADDING-LEFT: 0px; PADDING-BOTTOM: 0px; PADDING-TOP: 0px"><a onclick="return top.js.OpenExtLink(window,event,this)" href="http://www.reuters.com/" target="_blank" rel="nofollow"><img alt="Reuters" src="http://www.reuters.com/resources/images/logo_reuters_media_us.gif" border="0"></a></td>
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<td valign="top"><span style="FONT-SIZE: 20px; FONT-FAMILY: arial, helvetica, sans"><a onclick="return top.js.OpenExtLink(window,event,this)" href="http://www.reuters.com/article/email/idAFLN25512420090323" target="_blank" rel="nofollow">Kenya sees $5-$10 bln ICT investments by 2010</a></span><br>
<span style="FONT-SIZE: 11px; COLOR: #555555; FONT-FAMILY: arial, helvetica, sans">Mon Mar 23 13:19:15 UTC 2009</span>
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<div>* Kenya sees foreign ICT investment booming</div>
<div>* Says multinationals interested in back-office operations</div>
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<div>By Duncan Miriri</div>
<div>NAIROBI, March 23 (Reuters) - Kenya expects $5-$10 billion of foreign investment from communication technology firms by next year, a senior government official said on Monday.</div>
<div>East Africa's biggest economy is set to link up with the rest of the world via broadband from June through three undersea telecoms cables.</div>
<div>"I would comfortably estimate that next year, even with a very poor economy, we will probably see between $5-$10 billion coming," Bitange Ndemo, permanent secretary at the ministry of information and communication, told Reuters in an interview.</div>
<div>He said international firms that had expressed interest in investing included Google <GOOG.O>, Accenture <ACN.N> and General Electric <GE.N>.</div>
<div>"We are seeing huge interest by multinational companies who want (to) take advantage of these connections and the availability of many youths who are educated to create back offices in this country," he said.</div>
<div>Kenya's government is fronting one fibre-optic cable worth $110 million that will link it with the United Arab Emirates.</div>
<div>The chief executive of SEACOM, a $700 million private equity venture, said on Monday that sales of bandwidth capacity were going well ahead of its cable's completion in June. [ID:nLN478381]</div>
<div>Analysts say enhanced telecoms infrastructure has the same growth potential as mobile telephony, which has grown exponentially in the world's poorest continent in recent years. (Editing by Daniel Wallis; editing by Simon Jessop) </div>
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