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Browsing: financing of the Konza Digital Media City
- Kenya Signs $284.1 Million Financing Deal with Korea in what will come as a boost to its media industry
- This Facility will have linkages to digital hubs initiative that seeks to develop 1450 digital hubs
- The signing of the financing agreement comes at a time when Kenya is pursuing global partnerships with established media industry players.
Konza Digital Media City
Kenya has signed a Ksh38 billion ($284.1 million) financial agreement with Korea for the construction of a state-of-the-art Digital Media City at Konza Technopolis.
The Konza Digital Media City (DMC) project is designed to position Kenya as a creative and content industry leader in Africa by providing a state-of-the-art facility to promote the emerging creative sector.
This is expected to unlock the potential opportunities available. Last year, Kenya’s creative industry is estimated to have recorded over $2 billion in total sales and is projected to grow annually at 10.3 per …