Accesskenya pumps in US$1.3M in fibre-optic expansion

Kenya’s giant corporate data and Internet solutions provider AccessKenya Group has announced plans to spread its fibre-optic network to more than 20 major towns across the country by the end of next year.

Access Kenya’s managing director Kris Senanu said that the company has allocated KSh110 million (US$ 1.3 million) to support the remaining two quarters of 2012 to reach out to areas lacking Internet penetration.
“The company is implementing a national expansion programme to ensure all people from the 47 counties benefit. We had already invested 110 million (US$ 1.3 million) in the fibre-optic expansion project in Nairobi early this year. We are targeting to reach out to the remaining counties.”
Senanu noted that the company is working hard to provide quality services in the IT sector in all counties in the Kenya and offer maximum revenue collection to the companies .
He concluded by calling upon the government to streamline revenue allocation to the counties which will lead to considerable employment opportunities in the telecommunications sector.

“We are currently exploring strategic partnerships within the telecoms industry and upgrading our redundancy levels to ensure that we have the required infrastructure to deliver these critical services,” he said.
The firm says it plans to explore the opportunities in the rapid expansion of banks, multinational enterprises and other financial institutions that demands specialised IT support from telecommunication service providers .
Access Kenya is an Internet service provider (ISP) in the country and was first unveiled in 1995 by brothers David and Jonathan Somen to offer Information and Communications Technology targeted at corporate clients across the nation.
The company became the first ICT firm to offer public offering (IPO) of stock on the Nairobi Stock Exchange (NSE) in 2007. So far, it has employed more than 270 people in Nairobi, Mombasa, Kisumu, Nakuru, Kericho, Naivasha and Eldoret .
The 2011 financial revenue report indicates a growth of 2 percent compared to the previous one, leading to KSh109 million (US$ 1.2 million) net profit. In 2010, the company had a loss of KSh8 million (US$ 95 thousands)
In Kenya, AccessKenya Group covers Nairobi, Naivasha, Nakuru, Eldoret , Kisumu and Kericho.

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