Konza Technopolis revenue grew by 31.9pc to Ksh 252.4 million from Ksh 191.3 million as the technology city realized increased revenue from cloud services.
Official data by the Kenya National Bureau of Statistics (KNBS) the revenue growth was driven by earnings from Konza Cloud which grew more than four times to Ksh 151.6 million in 2024 from Ksh 35.6 million, a 326pc.
“The surge underscores the growing demand for cloud infrastructure and services within Kenya’s innovation ecosystem. Conversely, revenue from land lease declined by 17.4pc to Ksh 76.1 million, while other revenue streams declined by 60.9pc to Ksh 24.7 million in 2024,” said KNBS in the Economy Survey 2025.
Last year, KNBS says over the last five years, utilization of Konza Cloud resources intensified as available storage rose to25pc last year from 22pc a year earlier supported by commissioning of additional disks space.
During the period, revenue from land lease reduced to Ksh 76 million from Ksh 92 million while other revenue streams also declined t Ksh 24.7 million as number of investors increased from 56 to 70.
“Konza Technopolis is well positioned to support government priorities through smart cities, sustainable infrastructure, innovation driven startups, academia, industry partnerships and Konza national data centre solutions and establishment of an artificial intelligence research laboratories,” said John Okwiri, Kenya Technopolis Development Authority (KoTDA).
Cumulative investment into Kenya’s silicon savannah hit Ksh 83.5 billion after the annual amount invested grew by 27.3pc to Ksh 13.6 billion in 2024 from Ksh 10.6 billion.
Consequently, the annual amount invested grew by 27.3pc to Ksh 13.6 billion in 2024 which led to Ksh 83.5b cumulative investment in the Technopolis as at the end of 2024.
KNBS further notes that the number of parcels surveyed rose from 187 in 2023 to 515 in 2024, while the number of parcels leased grew more than threefold from 9 in 2023 to 33 in 2024 signaling renewed investor interest in securing space within the smart city.
As a result, the stock of land still available for lease narrowed to 68 parcels, a 5.6pc decline, and parcels under development increased up to 9 in 2024 from 8 in 2023.
