Kenyan IT Sector Braces for Slowdown

October 16, 2008 | Email This Post Email This Post | Print This Post Print This Post

How is the world economic ’slowdown’ affecting Africa? In Kenya it’s hitting the IT sector hard:

Kenyan Technology firms are bracing for a period of reduced spending on solutions as the global economic crisis continues to claim more casualties among financial firms, who are often the biggest spenders on IT.

In a report today Business Daily Africa said the sector which is often touted as the most efficient method to improve business processes and increase efficiency, companies around the world and in Kenya have been allocating increasing portions of their budgets to IT.

But results released by a number of companies in the sector reveal the downturn is having an impact on IT spend. “The market developments of the past several weeks have been dramatic and worrying to many businesses.”

Via ITNA

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About the author: Jonathan Gosier is a software developer, writer and social entrepreneur. He currently lives in Kampala, Uganda where he incubates and invests in East African entrepreneurs as the CEO of Appfrica Labs. He's also a TED Fellow.
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