Dimension Data division Internet Solutions (IS) has increased its stake in its Kenyan subsidiary from 51% to 80% as it seeks to expand its presence in East Africa.
IS initially acquired a 51% stake in Kenyan service provider iConnect in 2005, which was rebranded IS Kenya. IS and Didata have now decided to increase the shareholding, with the option to acquire the outstanding balance of 20%.
Loren Bosch, who previously acted in the capacity of sales director, has been appointed as MD of IS Kenya.
“East Africa is experiencing a boom, with telecommunications sector playing a vital role in fuelling rapid growth across multiple vertical markets,” says Bosch. “This is largely due to the increased international bandwidth capacity supplied via the numerous undersea cable systems.”
She says there is also big investment happening in fixed-line and wireless infrastructure in the region.
The Kenyan business also serves Tanzania and Uganda. IS has plans to expand into Rwanda, Burundi and South Sudan in the “near future,” Bosch says.
Source – Tech Central — October 18, 2011