Sharp Daily
No Result
View All Result
Wednesday, December 10, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenya’s BPO market thrives amid digital economic growth

Huldah Matara by Huldah Matara
September 14, 2024
in News
Reading Time: 2 mins read

Kenya is solidifying its position as a leading player in the global Business Process Outsourcing (BPO) market, with revenues expected to surpass $500 million USD annually. Wendy Gonzalez, CEO of Sama AI, highlighted Kenya’s rapid rise in the BPO sector, projecting that over half of these revenues—$254 million USD—will come from BPO in 2024.

During a public lecture at the University of Nairobi, Gonzalez emphasized Kenya’s emergence as an attractive investment destination within the Global Business Services (GBS) market. This sector, which includes BPO, has seen significant growth, particularly in AI supply chain services offered by firms like Sama. Gonzalez noted that Kenya’s $500 million USD in GBS revenues places it ahead of other emerging African markets, including Senegal, Nigeria, and Rwanda.

“Digital work is the fastest-growing sector, and Kenya has made significant progress despite stiff competition,” Gonzalez stated. She warned, however, that Kenya must remain vigilant to maintain its market position, particularly as other countries intensify efforts to capture a share of the GBS market. She also highlighted the need for an enabling environment to further deepen Kenya’s market opportunities.

Gonzalez projected that by 2030, 50-55% of jobs in Kenya will require digital skills. However, she noted significant gaps in both basic and advanced digital skills, especially in rural areas and among women. To address this, Sama has partnered with the University of Nairobi to advance AI skills, marking one of the first collaborations of its kind in Kenya.

RELATEDPOSTS

Power struggle erupts over UoN chancellor’s overhaul plan

February 21, 2025

Supporting Gonzalez’s insights, Principal Secretary for ICT and the Digital Economy, Eng. John Tanui, emphasized the transformative potential of AI. “AI is not just a possibility—it is our present reality,” Tanui said, noting that Generative AI could add up to $4.4 trillion USD annually to the global economy. He reaffirmed the government’s commitment to fostering innovation while safeguarding ethical AI development.

Prof. Margaret Hutchinson, Acting Vice Chancellor of the University of Nairobi, stressed the university’s role in bridging the gap between academia and industry. The Sama-UoN partnership is expected to enhance Kenya’s position as a leader in the global AI value chain.

 

Previous Post

Safaricom denies reports of cancelling Starlink payments via M-Pesa

Next Post

Kalonzo unveils shadow cabinet plans for Azimio la Umoja

Huldah Matara

Huldah Matara

Versatile multimedia journalist with a keen interest in compelling stories that resonate with my audience. Reach out on huldahmatara12@gmail.com

Related Posts

News

Role and Impact of Private Equity in Modern Financial Markets

December 9, 2025
News

Kenya’s banking sector: Resilience amid slow growth and rising costs

December 9, 2025
News

The quiet world of micro private equity

December 9, 2025
News

When Cash on the Balance Sheet Becomes a Liability

December 9, 2025
News

Teaching Financial Literacy in Kenyan Schools and Households

December 9, 2025
News

How Central Bank Digital Currencies Could Change Finance

December 9, 2025

LATEST STORIES

Role and Impact of Private Equity in Modern Financial Markets

December 9, 2025

KCB m-Pesa: Transforming digital lending and savings for kenyans

December 9, 2025

Kenya’s banking sector: Resilience amid slow growth and rising costs

December 9, 2025

The quiet world of micro private equity

December 9, 2025

When Cash on the Balance Sheet Becomes a Liability

December 9, 2025

Teaching Financial Literacy in Kenyan Schools and Households

December 9, 2025

How Central Bank Digital Currencies Could Change Finance

December 9, 2025

Competition in the Kenyan Banking Sector: The Market Share Standoff Between the Tier 1 and Tier 2/3 Banks

December 9, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024