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Investment in tech expats, research hits record Sh21bn
The State has attributed the drop to the failure of researchers to fully utilise the annual allocation, in which has forced institutions of higher learning to diversify their funding sources including seeking grants for research activities.
Investment by Kenyan firms in foreign experts in technology research and development has shot up sharply to nearly Sh21 billion with sights on reaping the dividends of the global shift to IT.
Fresh data from the Kenya National Bureau of Statistics (KNBS) shows that local businesses upped their expenditure on research services provided by non-residents to Sh20.9 billion in 2022 up from the Sh575.3 million spent the previous year, making it the fastest-growing services expenditure band.
