The Government has disbursed KSh3 billion to 122,000 beneficiaries of the NYOTA Project across all 47 counties, marking the second tranche of business capital support aimed at empowering young entrepreneurs.
Speaking in Nakuru on Friday during the disbursement exercise, Deputy President Kithure Kindiki said each beneficiary has now received a total of KSh50,000 in business capital support following the latest remittance.
Kindiki said the Business Development Support programme is one of the four key pillars of the NYOTA Project, which seeks to economically empower young people across the country.
He noted that, cumulatively, one million youths are expected to benefit from the Business Development Support component alongside the project’s other interventions, including On the Job Experience (OJE), Recognition of Prior Learning (RPL), and Access to Government Procurement Opportunities (AGPO).
The Deputy President said the initiative is already transforming lives, citing encouraging testimonies from beneficiaries who have used the funds to start and expand businesses in their communities.
“It is gratifying to hear positive evidence from beneficiaries on what NYOTA is doing to help realise dreams and provide crucial tailwind for new enterprises at the grassroots and community level,” he said.
The nationwide disbursement exercise was conducted simultaneously in 18 locations, with beneficiaries from clusters of counties gathering at designated centres to receive the grants.
In Nakuru, Kindiki presided over the event serving Nakuru, Baringo and Nyandarua counties, where 8,958 beneficiaries received their business grants.
The NYOTA Project is part of the Government’s broader strategy to tackle youth unemployment by supporting entrepreneurship, skills development, workplace experience and increased participation of young people in public procurement opportunities.
